IMMO - DEVO
ActiveSummary
IMMO - DEVO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €302,746 and a net result of €22,696. Equity remains stable across the filed fiscal years (±1% per year). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+3
Solvency100▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.0 in 2024; short-term debt: 11.5% and cash: 0% of total assets), and 23.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
76.5%
Return on assets
5.7%
Age of the figures
12 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €302,746
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
5 d early
2022
2 d early
2021
2 d early
2020
7 d early
2019
193 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 25 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 28 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€302,746▲ 8.1%
2024 · €280,050
Total assets
€396,000▼ 0.8%
2024 · €399,155
Net result
€22,696▲ 74.2%
2024 · €13,028
Working capital
-€45,384▲ 32.6%
2024 · -€67,308
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,409▲ 116%€3,454▲ 1.3%€9,068▲ 163%€13,084▲ 44.3%€22,838▲ 74.5%
Net result-€970▲ 53.8%-€158▲ 83.7%€5,850€13,028▲ 123%€22,696▲ 74.2%
Equity€261,330▼ 0.4%€261,172▼ 0.1%€267,022▲ 2.2%€280,050▲ 4.9%€302,746▲ 8.1%
Total assets€412,953▼ 2.3%€405,450▼ 1.8%€402,261▼ 0.8%€399,155▼ 0.8%€396,000▼ 0.8%
Debt€151,623▼ 5.5%€144,278▼ 4.8%€135,239▼ 6.3%€119,105▼ 11.9%€93,254▼ 21.7%
Working capital-€80,411▲ 7.3%-€77,090▲ 4.1%-€71,618▲ 7.1%-€67,308▲ 6.0%-€45,384▲ 32.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 75% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €396,000
Fixed assets
€395,960 ▼ 0.8%
Current assets
€40 ▼ 12.7%
Equity and liabilities €396,000
Equity
€302,746 ▲ 8.1%
Debt
€93,254 ▼ 21.7%
Debt's share of the balance-sheet total falls from 29.8% to 23.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25,987▲
2024 · €16,233
Cash flow
€25,845▲
2024 · €16,177
Current ratio
0.00▲
2024 · 0.00
Debt to equity
0.31▼
2024 · 0.43
ROE
7.5%▲
2024 · 4.7%
ROA
5.7%▲
2024 · 3.3%
Interest coverage
183.15▼
2024 · 286.80
Debt ≤ 1 year
€45,424▼
2024 · €67,354
Debt > 1 year
€47,704▼
2024 · €51,625
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,157 | €7,146 | €3,150 | €3,149 | €3,149 | = |
| Other operating charges640/8 | €9,852 | €10,172 | €10,913 | €8,914 | €11,174 | ▲ 25.3% |
| Gross operating margin9900 | €23,418 | €20,772 | €23,130 | €25,147 | €37,161 | ▲ 47.8% |
| Operating profit (loss)9901 | €3,409 | €3,454 | €9,068 | €13,084 | €22,838 | ▲ 74.5% |
| Financial charges65/66B | €3,377 | €3,612 | €3,218 | €57 | €142 | ▲ 151% |
| Recurring financial charges65 | €3,377 | €3,612 | €3,218 | €57 | €142 | ▲ 151% |
| Profit (loss) for the period before taxes9903 | €32 | -€158 | €5,850 | €13,028 | €22,696 | ▲ 74.2% |
| Income taxes67/77 | €1,001 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€970 | -€158 | €5,850 | €13,028 | €22,696 | ▲ 74.2% |
| Profit (loss) for the period to be appropriated9905 | -€970 | -€158 | €5,850 | €13,028 | €22,696 | ▲ 74.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €412,953 | €405,450 | €402,261 | €399,155 | €396,000 | ▼ 0.8% |
| Fixed assets21/28 | €412,553 | €405,408 | €402,258 | €399,109 | €395,960 | ▼ 0.8% |
| Tangible fixed assets22/27 | €412,553 | €405,408 | €402,258 | €399,109 | €395,960 | ▼ 0.8% |
| Land and buildings22 | €412,553 | €405,408 | €402,258 | €399,109 | €395,960 | ▼ 0.8% |
| Current assets29/58 | €399 | €43 | €3 | €46 | €40 | ▼ 12.7% |
| Cash at bank and in hand54/58 | €399 | €43 | €3 | €46 | €40 | ▼ 12.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €412,953 | €405,450 | €402,261 | €399,155 | €396,000 | ▼ 0.8% |
| Equity10/15 | €261,330 | €261,172 | €267,022 | €280,050 | €302,746 | ▲ 8.1% |
| Contributions10/11 | €172,000 | €172,000 | €172,000 | €172,000 | €172,000 | = |
| Capital10 | €172,000 | €172,000 | €172,000 | €172,000 | €172,000 | = |
| Issued capital100 | €172,000 | €172,000 | €172,000 | €172,000 | €172,000 | = |
| Revaluation surpluses12 | €360,466 | €357,316 | €354,167 | €351,018 | €347,869 | ▼ 0.9% |
| Reserves13 | €80,835 | €83,985 | €87,134 | €90,283 | €93,432 | ▲ 3.5% |
| Non-distributable reserves130/1 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Legal reserve130 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Distributable reserves133 | €73,398 | €76,548 | €79,697 | €82,846 | €85,995 | ▲ 3.8% |
| Profit (loss) carried forward14 | -€351,971 | -€352,129 | -€346,279 | -€333,251 | -€310,555 | ▲ 6.8% |
| Amounts payable17/49 | €151,623 | €144,278 | €135,239 | €119,105 | €93,254 | ▼ 21.7% |
| Amounts payable after more than one year17 | €70,093 | €66,801 | €63,243 | €51,625 | €47,704 | ▼ 7.6% |
| Financial debts170/4 | - | - | - | €51,625 | €47,704 | ▼ 7.6% |
| Other amounts payable178/9 | €70,093 | €66,801 | €63,243 | - | - | - |
| Amounts payable within one year42/48 | €80,811 | €77,133 | €71,621 | €67,354 | €45,424 | ▼ 32.6% |
| Trade debts44 | - | €1,919 | €3,725 | €11,779 | €5,000 | ▼ 57.6% |
| Suppliers440/4 | - | €1,919 | €3,725 | €11,779 | €5,000 | ▼ 57.6% |
| Taxes, remuneration and social security45 | €15,117 | €5,979 | €10,423 | - | - | - |
| Taxes450/3 | €15,117 | €5,979 | €10,423 | - | - | - |
| Other amounts payable47/48 | €65,694 | €69,234 | €57,473 | €55,575 | €40,424 | ▼ 27.3% |
| Accrued charges and deferred income492/3 | €719 | €345 | €375 | €126 | €126 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€970 | -€158 | €5,850 | €13,028 | €22,696 | ▲ 74.2% |
| + Depreciation and write-downs630 | €10,157 | €7,146 | €3,150 | €3,149 | €3,149 | = |
| Operating cash flow (approximation) | €9,187 | €6,988 | €9,000 | €16,177 | €25,845 | ▲ 59.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€357 | -€40 | €43 | -€6 | ▼ 114% |
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
17-08
State Gazette act
Resignations: Claudine DESMET (non-statutory director) and Erik DEVOS (non-statutory director)5 facts ▸
State Gazette act
Resignations: Claudine DESMET (non-statutory director) and Erik DEVOS (non-statutory director)
5 facts ▸
- General meeting, 30-04-2026
- Director resignation, Claudine DESMET (non-statutory director)
- Director resignation, Erik DEVOS (non-statutory director)
- Board meeting, 30-04-2026
- Director resignation, Erik DEVOS (managing director)
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €22,696 ▲74.2%
Operating result €22,838, net result €22,696, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €5,850
Net result €5,850 after 4 loss-making years.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 193 days late
30-09
Financial
Weakest financial yearnet -€2,100
Net result drops to -€2,100, the lowest in the series; recovery starts the following year.
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 101 days late
09-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 374 days late
2018
22-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 267 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 1989
Ground area
153 m²
Building footprint
153 m²
Volume, LiDAR
876 m³
Parcel 36504D0696/00E002, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
IMMO-DEVO
since 19892.045.131.271
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36504D0696/00E002 | Flanders | 153 m² | 1 · 153 m² | 9.6 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.
Mandate history
2 people since 2026, 0 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Claudine DESMET |
|
| Erik DEVOS |
|
Articles of association
Other statement
2 provisions in the deed
Identification & contact
Identification
Legal formPublic limited company
Founded06-07-1989
Fiscal year end30-09
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.