Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2016 to 2025 closed with a loss. 2022 was the heaviest.
The last five annual accounts were filed 41 to 64 days before the end of the period.
New director. Latest change 23-12-2025 · 2 in office.
Lower solvency than 95% of companies in construction of buildings. Sector median 42.9% · 9,462 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro). It does better than 3% of them on solvency, 51% on liquidity, 20% on profitability and 31% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 2,796 companies had the same profile as IMMO DEVOLDERE has now. Each dot stands for 7 companies, two years later.
Another 1.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of IMMO DEVOLDERE itself is lower: 0.4% within 12 months. It rests on far more data about IMMO DEVOLDERE than the profile alone.
The method was tested on the 497,448 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 2,796 companies, not a prediction for IMMO DEVOLDERE. 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.
Liquidity is insufficient, with a current ratio of 0.41 (0.43 in 2024), below 1. Short-term debt is 186.4% and cash 72.6% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 53 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| IMMO DEVOLDERE Ardooie | €48,028 | -€1,066 | -86.4% | - |
| ABC Home Project Kraainem | €43,972 | -€30,092 | 59.8% | - |
| Van Cutsem Gino Haaltert | €52,746 | -€3,608 | 90.7% | - |
| ALGEMENE BOUWWERKEN VANDERSMISSEN BART Nieuwerkerken (Limb.) | €43,104 | -€22,752 | -167.8% | - |
| GEERT BORREMANS Aarschot | €51,102 | -€38,783 | 97.5% | - |
| TITEUX Bertrix | €50,507 | -€3,529 | -16.5% | - |
| GERARD MARC Huy | €43,307 | -€3,074 | 77.1% | - |
These companies have the same main activity as IMMO DEVOLDERE: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €43,100 and €52,700, founded between 2000 and 2004.
IMMO DEVOLDERE files the micro format. That format states no turnover. The gross margin rose from -€12,869 in 2007 to -€1,066 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Lower than 95% of 9,462 companies in 2025.
Higher than 6% of 9,210 companies in 2025.
Higher than 20% of 9,282 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
48,028 | 49,253 | 50,966 | 48,747 | 45,819 | 46,365 | 46,912 | 48,572 | 50,209 | 51,450 | 46,994 | 257,394 | 252,613 | 254,437 | 252,301 | 245,720 | 225,663 | 207,328 | 279,900 | |
21/28 |
11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | |
22/27 |
11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | |
22 |
11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | 11,200 | |
29/58 |
36,828 | 38,053 | 39,766 | 37,547 | 34,619 | 35,165 | 35,712 | 37,372 | 39,009 | 40,250 | 35,794 | 246,194 | 241,413 | 243,237 | 241,101 | 234,520 | 214,463 | 196,128 | 268,700 | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 194,542 | 194,542 | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 194,542 | 194,542 | |
40/41 |
1,948 | 1,773 | 1,598 | - | - | - | 5 | 32 | 377 | 207 | 659 | 2,266 | 3 | 53 | 1,726 | 7,505 | - | 273 | - | |
40 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 220 | 7,011 | - | - | - | |
41 |
1,948 | 1,773 | 1,598 | - | - | - | 5 | 32 | 377 | 207 | 659 | 2,266 | 3 | 53 | 1,506 | 494 | - | 273 | - | |
54/58 |
34,880 | 36,280 | 38,168 | 37,547 | 34,619 | 35,165 | 35,707 | 37,340 | 38,633 | 40,044 | 35,135 | 243,929 | 241,410 | 243,185 | 239,375 | 227,016 | 214,463 | 1,313 | 282 | |
490/1 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 73,876 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
48,028 | 49,253 | 50,966 | 48,747 | 45,819 | 46,365 | 46,912 | 48,572 | 50,209 | 51,450 | 46,994 | 257,394 | 252,613 | 254,437 | 252,301 | 245,720 | 225,663 | 207,328 | 279,900 | |
10/15 |
-41,518 | -40,262 | -38,556 | -30,334 | 4 | 576 | 1,098 | 2,483 | 4,018 | 5,512 | 7,550 | 5,555 | 7,686 | 19,730 | 26,594 | 29,892 | 36,748 | 7,067 | 24,959 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
18,148 | 18,148 | 18,148 | 18,148 | 18,148 | 18,148 | 18,148 | 18,148 | 18,148 | 18,148 | 18,148 | 18,148 | 18,148 | 18,148 | 18,148 | 18,148 | 1,860 | - | - | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
16,288 | 16,288 | 16,288 | 16,288 | 16,288 | 16,288 | 16,288 | 16,288 | 16,288 | 16,288 | 16,288 | 16,288 | 16,288 | 16,288 | 16,288 | 16,288 | - | - | - | |
14 |
-78,267 | -77,010 | -75,304 | -67,082 | -36,744 | -36,172 | -35,650 | -34,265 | -32,730 | -31,237 | -29,198 | -31,193 | -29,062 | -17,018 | -10,155 | -6,857 | 16,288 | -11,533 | 6,359 | |
17/49 |
89,547 | 89,514 | 89,522 | 79,080 | 45,815 | 45,788 | 45,814 | 46,088 | 46,191 | 45,939 | 39,444 | 251,839 | 244,927 | 234,707 | 225,707 | 215,829 | 188,914 | 200,261 | 254,942 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,171 | 1,603 | |
178/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,171 | 1,603 | |
42/48 |
89,547 | 89,514 | 89,522 | 79,080 | 45,815 | 45,788 | 45,814 | 46,088 | 46,191 | 45,939 | 39,444 | 168,034 | 168,863 | 165,955 | 164,231 | 161,444 | 140,876 | 132,801 | 218,816 | |
44 |
90 | 57 | - | 28 | - | - | 25 | - | 103 | 146 | - | 101 | 482 | 1,876 | 441 | - | 86 | 21 | 1,782 | |
440/4 |
90 | 57 | - | 28 | - | - | 25 | - | 103 | 146 | - | 101 | 482 | 1,876 | 441 | - | 86 | 21 | 1,782 | |
45 |
- | - | - | - | - | - | - | - | - | - | - | - | 8,716 | 6,507 | 7,263 | 7,232 | 5,874 | - | 3,654 | |
450/3 |
- | - | - | - | - | - | - | - | - | - | - | - | 2,917 | 903 | 2,005 | 3,359 | 5,874 | - | 3,654 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | 5,798 | 5,604 | 5,258 | 3,874 | - | - | - | |
47/48 |
89,457 | 89,457 | 89,522 | 79,053 | 45,815 | 45,788 | 45,788 | 46,088 | 46,088 | 45,792 | 39,444 | 167,933 | 159,665 | 157,572 | 156,527 | 154,212 | 134,916 | 132,780 | 213,379 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | 83,805 | 76,064 | 68,752 | 61,476 | 54,384 | 48,038 | 66,289 | 34,523 | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 38,445 | - | 57,386 | |
9900 |
-1,066 | -1,720 | -8,071 | -30,135 | -494 | -496 | -1,234 | -1,380 | -1,393 | -2,140 | -1,269 | 13,548 | 28,453 | 28,224 | 28,109 | 14,065 | 713 | -11,768 | -12,869 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | 17,570 | 33,014 | 31,803 | 29,154 | 17,722 | - | - | - | |
640/8 |
189 | 145 | 112 | 166 | 135 | - | 132 | 154 | 127 | 103 | 126 | 223 | 118 | 116 | 115 | 132 | 87 | 156 | - | |
9901 |
-1,255 | -1,865 | -8,183 | -30,301 | -629 | -496 | -1,367 | -1,534 | -1,520 | -2,243 | -1,395 | -4,244 | -4,679 | -3,694 | -1,160 | -3,789 | 626 | -11,924 | -12,869 | |
75/76B |
130 | 186 | - | - | 126 | - | 33 | 32 | 55 | 208 | 3,397 | 9,877 | 14 | 4,124 | 4,975 | 3,296 | 2,648 | 1,820 | 14 | |
75 |
130 | 186 | - | - | 126 | - | 33 | 32 | 55 | 208 | 3,397 | 9,877 | 14 | 4,124 | 4,975 | 3,296 | 2,648 | 1,820 | 14 | |
65/66B |
131 | 27 | 39 | 37 | 31 | 26 | 51 | 33 | 29 | 4 | 8 | 7,763 | 7,380 | 7,293 | 7,113 | 6,364 | 5,766 | 7,788 | 10,341 | |
65 |
131 | 27 | 39 | 37 | 31 | 26 | 51 | 33 | 29 | 4 | 8 | 7,763 | 7,380 | 7,293 | 7,113 | 6,364 | 5,766 | 7,788 | 10,341 | |
9903 |
-1,256 | -1,706 | -8,222 | -30,338 | -535 | -522 | -1,385 | -1,535 | -1,494 | -2,038 | 1,994 | -2,130 | -12,044 | -6,863 | -3,298 | -6,857 | 35,953 | -17,891 | 34,190 | |
67/77 |
0 | 0 | - | - | 38 | - | - | - | - | - | - | - | - | - | - | - | 6,271 | - | 3,661 | |
9904 |
-1,256 | -1,706 | -8,222 | -30,338 | -572 | -522 | -1,385 | -1,535 | -1,494 | -2,038 | 1,994 | -2,130 | -12,044 | -6,863 | -3,298 | -6,857 | 29,681 | -17,891 | 30,529 | |
9905 |
-1,256 | -1,706 | -8,222 | -30,338 | -572 | -522 | -1,385 | -1,535 | -1,494 | -2,038 | 1,994 | -2,130 | -12,044 | -6,863 | -3,298 | -6,857 | 29,681 | -17,891 | 30,529 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-78,267 | -77,010 | -75,304 | -67,082 | -36,744 | -36,172 | -35,650 | -34,265 | -32,730 | -31,237 | -29,198 | -31,193 | -29,062 | -17,018 | -10,155 | 9,432 | 18,148 | -11,533 | 6,359 | |
14P |
-77,010 | -75,304 | -67,082 | -36,744 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 16,288 | 1,860 | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | - | - | |
6921 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 16,288 | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | 1 | 1 | 1 | 1 | 1 | - | - | - | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | 1,144 | 1,760 | 1,733 | 1,744 | 1,160 | - | - | - | |
| Document | ||||||||||||||||||||
The accounts for 2 older financial years (2004-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 08-12-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 08-12-2025 | 2025-00580237 | |
| 30-06-2024 | micro format | 12-12-2024 | 2024-00615686 | |
| 30-06-2023 | micro format | 21-12-2023 | 2023-00536156 | |
| 30-06-2022 | micro format | 28-11-2022 | 2022-20526367 | |
| 30-06-2021 | micro format | 10-12-2021 | 2021-79900588 | |
| 30-06-2020 | micro format | 30-11-2020 | 2020-73200471 | |
| 30-06-2019 | micro format | 13-12-2019 | 2019-76100278 | |
| 30-06-2018 | micro format | 26-11-2018 | 2018-72800543 | |
| 30-06-2017 | micro format | 27-11-2017 | 2017-70500076 | |
| 30-06-2016 | abbreviated format | 28-11-2016 | 2016-68600520 | |
| 30-06-2015 | abbreviated format | 30-11-2015 | 2015-67700372 | |
| 30-06-2014 | abbreviated format | 01-12-2014 | 2014-68000588 | |
| 30-06-2013 | abbreviated format | 14-12-2013 | 2013-68700033 | |
| 30-06-2012 | abbreviated format | 13-12-2012 | 2012-66600554 | |
| 30-06-2011 | abbreviated format | 03-01-2012 | 2012-00200204 | |
| 30-06-2010 | abbreviated format | 20-12-2010 | 2010-63700223 | |
| 30-06-2009 | abbreviated format | 21-12-2009 | 2009-90300125 | |
| 30-06-2008 | abbreviated format | 08-12-2008 | 2008-84500040 | |
| 30-06-2007 | abbreviated format | 21-12-2007 | 2007-84000046 | |
| 30-06-2005 | abbreviated format | 15-02-2006 | 2006-05102879 | |
| 30-06-2004 | abbreviated format | 22-12-2004 | 2004-87103319 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11,200 | ||
| -1,400 | -1,888 | 621 | 2,928 | -546 | -542 | -1,633 | -1,293 | -1,411 | 4,908 | -208,793 | 2,518 | -1,775 | 3,810 | 12,359 | 12,553 | 213,150 | 1,031 | - | ||
| -52,718 | -51,462 | -49,756 | -41,534 | -11,196 | -10,624 | -10,102 | -8,717 | -7,182 | -5,688 | -3,650 | 78,160 | 72,550 | 77,282 | 76,870 | 73,076 | 73,587 | 63,327 | 49,884 | ||
| -86.4% | -81.7% | -75.7% | -62.2% | 0.0% | 1.2% | 2.3% | 5.1% | 8.0% | 10.7% | 16.1% | 2.2% | 3.0% | 7.8% | 10.5% | 12.2% | 16.3% | 3.4% | 8.9% | ||
| 0.41 | 0.43 | 0.44 | 0.47 | 0.76 | 0.77 | 0.78 | 0.81 | 0.84 | 0.88 | 0.91 | 1.47 | 1.43 | 1.47 | 1.47 | 1.45 | 1.52 | 1.48 | 1.23 | ||
| 0.41 | 0.43 | 0.44 | 0.47 | 0.76 | 0.77 | 0.78 | 0.81 | 0.84 | 0.88 | 0.91 | 1.47 | 1.43 | 1.47 | 1.47 | 1.45 | 1.52 | 0.01 | 0.34 | ||
| - | - | - | - | - | - | 41.71 | 18.56 | 11.50 | 8.33 | 5.22 | 45.33 | 31.87 | 11.90 | 8.49 | 7.22 | 5.14 | 28.34 | 10.21 | ||
| - | - | - | - | - | - | -126.1% | -61.8% | -37.2% | -37.0% | 26.4% | -38.3% | -156.7% | -34.8% | -12.4% | -22.9% | 80.8% | -253.2% | 122.3% | ||
| -2.6% | -3.5% | -16.1% | -62.2% | -1.2% | -1.1% | -3.0% | -3.2% | -3.0% | -4.0% | 4.2% | -0.8% | -4.8% | -2.7% | -1.3% | -2.8% | 13.2% | -8.6% | 10.9% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2025 is a loss of €1,255, smaller than the loss of €1,865 in 2024.
Equity is negative. Debt (€89,547) exceeds the balance-sheet total (€48,028).
IMMO DEVOLDERE has no parent and no holdings in its annual accounts. IMMO DEVOLDERE shares no director with another company.
| DEVOLDERE KOENRAAD - VLOERDECOR
registered office since 20-12-1990 · founded in 1990 |
9.3 FTE (2025) 0442.337.024 |
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Pittemsestraat 37 registered office 8850 Ardooie | 17-04-2003 | 2.126.622.258 |
| 08-05-2023 | Granted | Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 26-04-2023 · project 2023058297 | Ardooie |
| 07-02-2022 | Granted | Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 21-12-2021 · project 2021190770 | Ardooie |
| 07-02-2022 | Granted | Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 21-12-2021 · project 2021190676 | Ardooie |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 36001B0213/00E000 | 3,870 m² | 1 · 1,189 m² | 6.3 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0479.682.321
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