Skip to content

IMMO DEVRIEZE

Active
Private limited companyfounded 1982active for 44 yearsVeurnseweg 582, 8906 Ieper, BelgiumKBO/BCE: BE 0423.312.948
Summary

IMMO DEVRIEZE has been active since 1982 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77,501 and a net result of €6,515. Equity is growing by about 9% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, abbreviated format

Equity
€77,501▲ 9.2%
2024 · €70,985
Total assets
€128,292▼ 0.6%
2024 · €129,110
Net result
€6,515▲ 39.0%
2024 · €4,686
Working capital
€4,940▲ 256%
2024 · €1,389
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result recovers in 2025; 2025 is 31% above 2024.

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

Operating result€7,870 2025 Net result€6,515 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
Line20182019202020212022202320242025
Operating result€7,936-€7,987▲ 0.6%€8,077▲ 1.1%€8,651▲ 7.1%€5,092▼ 41.1%€6,273▲ 23.2%€6,017▼ 4.1%€7,870▲ 30.8%
Net result€5,220-€5,425▲ 3.9%€5,996▲ 10.5%€6,465▲ 7.8%€4,115▼ 36.3%€4,809▲ 16.9%€4,686▼ 2.6%€6,515▲ 39.0%
Equity€39,489-€44,914▲ 13.7%€50,910▲ 13.4%€57,375▲ 12.7%€61,490▲ 7.2%€66,299▲ 7.8%€70,985▲ 7.1%€77,501▲ 9.2%
Total assets€63,858-€61,186▼ 4.2%€61,694▲ 0.8%€57,525▼ 6.8%€134,615▲ 134%€131,924▼ 2.0%€129,110▼ 2.1%€128,292▼ 0.6%
Debt€24,369-€16,273▼ 33.2%€10,783▼ 33.7%€149▼ 98.6%€73,125▲ 48,856%€65,625▼ 10.3%€58,125▼ 11.4%€50,791▼ 12.6%
Working capital-€13,169--€10,195▲ 22.6%-€1,418▲ 86.1%€7,828€4,288▼ 45.2%-€333€1,389€4,940▲ 256%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €128,292
Fixed assets €115,686 ▼ 3.8%
Current assets €12,607 ▲ 41.8%
Equity and liabilities €128,292
Equity €77,501 ▲ 9.2%
Debt €50,791 ▼ 12.6%
Debt's share of the balance-sheet total falls from 45.0% to 39.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€12,406▲
2024 · €10,553
Cash flow
€11,051▲
2024 · €9,222
Current ratio
1.64▲
2024 · 1.19
Debt to equity
0.66▼
2024 · 0.82
ROE
8.4%▲
2024 · 6.6%
ROA
5.1%▲
2024 · 3.6%
Interest coverage
10.44▲
2024 · 7.93
Debt ≤ 1 year
€7,666▲
2024 · €7,500
Debt > 1 year
€43,125▼
2024 · €50,625
Income taxes
€166
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,372 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
0.5% went bankrupt
5.9% stopped otherwise
93.5% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% 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%.

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% 1.0%
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 31,372 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 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€129,110€128,292▼
Fixed assets21/28€120,222€115,686▼
Tangible fixed assets22/27€120,222€115,686▼
Land and buildings22€120,222€115,686▼
Current assets29/58€8,889€12,607▲
Amounts receivable within one year40/41€2,731€0▼
Other amounts receivable41€2,731€0▼
Cash at bank and in hand54/58€6,158€12,607▲
Equity and liabilities
Total equity and liabilities10/49€129,110€128,292▼
Equity10/15€70,985€77,501▲
Contributions10/11€18,592€18,592=
Reserves13€52,159€58,859▲
Distributable reserves133€52,159€58,859▲
Profit (loss) carried forward14€234€50▼
Amounts payable17/49€58,125€50,791▼
Amounts payable after more than one year17€50,625€43,125▼
Financial debts170/4€50,625€43,125▼
Amounts payable within one year42/48€7,500€7,666▲
Current portion of amounts payable after more than one year42€7,500€7,500=
Taxes, remuneration and social security45-€166
Taxes450/3-€166
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,536€4,536=
Other operating charges640/8€598€646▲
Gross operating margin9900€11,151€13,052▲
Operating profit (loss)9901€6,017€7,870▲
Financial charges65/66B€1,331€1,188▼
Recurring financial charges65€1,331€1,188▼
Profit (loss) for the period before taxes9903€4,686€6,682▲
Income taxes67/77-€166
Profit (loss) for the period9904€4,686€6,515▲
Profit (loss) for the period to be appropriated9905€4,686€6,515▲
Appropriation of the result
Profit (loss) to be appropriated9906€4,734€6,750▲
Profit (loss) brought forward from the previous period14P€48€234▲
Transfer to equity691/2€4,500€6,700▲
To other reserves6921€4,500€6,700▲

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,781€2,781€2,781€2,781€3,357€4,437€4,536€4,536=
Other operating charges640/8---€532€535€499€598€646▲ 7.9%
Gross operating margin9900€11,240€11,294€11,386€11,963€8,984€11,210€11,151€13,052▲ 17.0%
Operating profit (loss)9901€7,936€7,987€8,077€8,651€5,092€6,273€6,017€7,870▲ 30.8%
Financial charges65/66B---€37€976€1,464€1,331€1,188▼ 10.7%
Recurring financial charges65€525€304€87€37€976€1,464€1,331€1,188▼ 10.7%
Profit (loss) for the period before taxes9903€7,411€7,683€7,989€8,614€4,115€4,809€4,686€6,682▲ 42.6%
Income taxes67/77€2,191€2,258€1,993€2,149€0--€166-
Profit (loss) for the period9904€5,220€5,425€5,996€6,465€4,115€4,809€4,686€6,515▲ 39.0%
Profit (loss) for the period to be appropriated9905€5,220€5,425€5,996€6,465€4,115€4,809€4,686€6,515▲ 39.0%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€63,858€61,186€61,694€57,525€134,615€131,924€129,110€128,292▼ 0.6%
Fixed assets21/28€57,889€55,109€52,328€49,547€122,827€124,757€120,222€115,686▼ 3.8%
Tangible fixed assets22/27€57,889€55,109€52,328€49,547€122,827€124,757€120,222€115,686▼ 3.8%
Land and buildings22---€49,178€122,827€124,757€120,222€115,686▼ 3.8%
Plant, machinery and equipment23---€370€0----
Current assets29/58€5,969€6,078€9,366€7,977€11,788€7,167€8,889€12,607▲ 41.8%
Amounts receivable within one year40/41--€7---€2,731€0▼ 100%
Other amounts receivable41------€2,731€0▼ 100%
Cash at bank and in hand54/58€5,969€6,078€9,359€7,352€11,788€7,167€6,158€12,607▲ 105%
Deferred charges and accrued income490/1---€626€0----
Equity and liabilities
Total equity and liabilities10/49€63,858€61,186€61,694€57,525€134,615€131,924€129,110€128,292▼ 0.6%
Equity10/15€39,489€44,914€50,910€57,375€61,490€66,299€70,985€77,501▲ 9.2%
Contributions10/11€18,592€18,592-€18,592€18,592€18,592€18,592€18,592=
Reserves13€20,859€26,259€32,259€38,759€42,859€47,659€52,159€58,859▲ 12.8%
Non-distributable reserves130/1---€1,859€1,859€0---
Reserves not available under the articles1311---€1,859€1,859€0---
Distributable reserves133---€36,900€41,000€47,659€52,159€58,859▲ 12.8%
Profit (loss) carried forward14€37€63€59€24€39€48€234€50▼ 78.8%
Amounts payable17/49€24,369€16,273€10,783€149€73,125€65,625€58,125€50,791▼ 12.6%
Amounts payable after more than one year17€5,231---€65,625€58,125€50,625€43,125▼ 14.8%
Financial debts170/4----€65,625€58,125€50,625€43,125▼ 14.8%
Amounts payable within one year42/48€19,138€16,273€10,783€149€7,500€7,500€7,500€7,666▲ 2.2%
Current portion of amounts payable after more than one year42----€7,500€7,500€7,500€7,500=
Taxes, remuneration and social security45---€149€0--€166-
Taxes450/3---€149€0--€166-
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€5,220€5,425€5,996€6,465€4,115€4,809€4,686€6,515▲ 39.0%
+ Depreciation and write-downs630€2,781€2,781€2,781€2,781€3,357€4,437€4,536€4,536=
Operating cash flow (approximation)€8,001€8,206€8,777€9,246€7,472€9,246€9,222€11,051▲ 19.8%
Investment in fixed assets (approximation)-€0€0€0-€76,636-€6,368€0€0-
Change in cash-€109€3,281-€2,007€4,437-€4,621-€1,009€6,448-

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

Latest 10 of 42 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 11-06-2026 2026-00153736
31-12-2024 abbreviated format 27-05-2025 2025-00110100
31-12-2023 abbreviated format 04-06-2024 2024-00110883
31-12-2022 abbreviated format 16-06-2023 2023-00137533
31-12-2021 abbreviated format 25-05-2022 2022-20041788
31-12-2020 abbreviated format 02-07-2021 2021-30400515
31-12-2019 abbreviated format 20-05-2020 2020-12800042
31-12-2018 abbreviated format 22-05-2019 2019-14100460
31-12-2017 abbreviated format 05-06-2018 2018-16300255
31-12-2016 micro format 28-06-2017 2017-23900288

Show all 42 filings

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