IMMO - DEVO
ActiveSummary
IMMO - DEVO has been active since 1989 and the Belgian Official 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 financial years (±1.7% per year). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €302,746
- Profit
- €22,696
Why 91raises riskLiquidity: current ratio 0.00, cash €40lowers riskSize: total assets €396,000Founded in 1989Equity €302,746 (76.5% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 81% on solvency, 32% on liquidity, 58% on profitability and 65% on growth.
The bankruptcy probability was computed on 23-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
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.
Searched, nothing found (2)
- Resignations: Claudine DESMET (director) and Erik…Gazette deed
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2019 to 2025net €22,696 ▲74.2%
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has risen four years in a row; 2025 is 75% above 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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 31,373 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 31,373 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,157 | €10,157 | €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 | €22,483 | €23,526 | €23,418 | €20,772 | €23,130 | €25,147 | €37,161 | ▲ 47.8% |
| Operating profit (loss)9901 | €1,927 | €1,576 | €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 | €2,262 | €3,677 | €3,377 | €3,612 | €3,218 | €57 | €142 | ▲ 151% |
| Profit (loss) for the period before taxes9903 | -€335 | -€2,100 | €32 | -€158 | €5,850 | €13,028 | €22,696 | ▲ 74.2% |
| Income taxes67/77 | - | - | €1,001 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€335 | -€2,100 | -€970 | -€158 | €5,850 | €13,028 | €22,696 | ▲ 74.2% |
| Profit (loss) for the period to be appropriated9905 | -€335 | -€2,100 | -€970 | -€158 | €5,850 | €13,028 | €22,696 | ▲ 74.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €433,674 | €422,804 | €412,953 | €405,450 | €402,261 | €399,155 | €396,000 | ▼ 0.8% |
| Fixed assets21/28 | €432,867 | €422,710 | €412,553 | €405,408 | €402,258 | €399,109 | €395,960 | ▼ 0.8% |
| Tangible fixed assets22/27 | €432,867 | €422,710 | €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 | €807 | €93 | €399 | €43 | €3 | €46 | €40 | ▼ 12.7% |
| Cash at bank and in hand54/58 | €807 | €93 | €399 | €43 | €3 | €46 | €40 | ▼ 12.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €433,674 | €422,804 | €412,953 | €405,450 | €402,261 | €399,155 | €396,000 | ▼ 0.8% |
| Equity10/15 | €264,400 | €262,300 | €261,330 | €261,172 | €267,022 | €280,050 | €302,746 | ▲ 8.1% |
| Contributions10/11 | €172,000 | €172,000 | €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 | €74,536 | €77,685 | €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 | -€348,901 | -€351,001 | -€351,971 | -€352,129 | -€346,279 | -€333,251 | -€310,555 | ▲ 6.8% |
| Amounts payable17/49 | €169,274 | €160,504 | €151,623 | €144,278 | €135,239 | €119,105 | €93,254 | ▼ 21.7% |
| Amounts payable after more than one year17 | €76,203 | €73,280 | €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 | €92,313 | €86,877 | €80,811 | €77,133 | €71,621 | €67,354 | €45,424 | ▼ 32.6% |
| Trade debts44 | - | €1,250 | - | €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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€335 | -€2,100 | -€970 | -€158 | €5,850 | €13,028 | €22,696 | ▲ 74.2% |
| + Depreciation and write-downs630 | €10,157 | €10,157 | €10,157 | €7,146 | €3,150 | €3,149 | €3,149 | = |
| Operating cash flow (approximation) | €9,822 | €8,056 | €9,187 | €6,988 | €9,000 | €16,177 | €25,845 | ▲ 59.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€713 | €306 | -€357 | -€40 | €43 | -€6 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 30-04-2026 | 2026-00094781 |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00083306 |
| 30-09-2023 | micro format | 25-04-2024 | 2024-00068792 |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00070093 |
| 30-09-2021 | micro format | 28-04-2022 | 2022-20011302 |
| 30-09-2020 | micro format | 23-04-2021 | 2021-10900500 |
| 30-09-2019 | micro format | 09-11-2020 | 2020-69300295 |
| 30-09-2018 | micro format | 09-08-2019 | 2019-44700371 |
| 30-09-2017 | micro format | 09-05-2019 | 2019-13000431 |
| 30-09-2016 | abbreviated format | 22-01-2018 | 2018-01800313 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Day-to-day management 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Olivier Devos |
|
| Claudine DESMET |
|
| Erik DEVOS |
|
Owners and capital
Capital and shareholders
- 29-04-2024 Capital stated in the deed · €172,000 · 690 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
17-08
Gazette deed
Resignations: Claudine DESMET (director) and Erik DEVOS (director)5 facts ▸
- General meeting, 30-04-2026
- Director resignation, Claudine DESMET (director (not named in the articles))
- Director resignation, Erik DEVOS (director (not named in the articles))
- Board meeting, 30-04-2026
- Director resignation, Erik DEVOS (managing director)
13-05
Gazette deed
Reappointments: Erik Devos, Olivier Devos and Claudine DesmetAppointment: Olivier Devos (managing director)7 facts ▸
- General meeting, 31-03-2023
- Board meeting, “raad van bestuur, daaropvolgende” (deed in Dutch)
- Director reappointment, Erik Devos (director)
- Director reappointment, Olivier Devos (director)
- Director reappointment, Claudine Desmet (director)
- Director reappointment, Erik Devos (chair of the board and managing director)
- Director appointment, Olivier Devos (managing director)
29-04
Gazette deed
Amendment of the articlesCapital · Registered office clause5 facts ▸
- General meeting, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital, €172,000
- General meeting, “DERDE BESLUIT - Coördinatie, opdracht aan ondergetekende notaris om coördinatie op te maken en te ondertekenen overeenkomstig vorig besluit en neerlegging in ve…” (deed in Dutch)
- Registered office clause, “Roeselare, Oostnieuwkerksesteenweg 99” (deed in Dutch)
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36504D0696/00E002 | Flanders | 153 m² | 1 · 153 m² | 9.6 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- IMMO - DEVO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, oprichting of opheffing van administratieve zetels,agentschappen,ateliers,opslagplaatsen en bijhuizen wanneer en waar nodig…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “De benoeming van de heer Olivier Devos als gedelegeerd bestuurder. De raad van bestuur heeft de meest uitgebreide bevoegdheden om alle daden…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Binnen de perken van het maatschappelijk doel, alle daden van beschikking,van beheer en bestuur,die de vennootschap aanbelangen” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering, zoals inzake statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Benoeming vereffenaars, één of meer vereffenaars” (deed in Dutch)“Bevoegdheden vereffenaars, alle verrichtingen vermeld in wet” (deed in Dutch)