KASSA DEVUYST
ActiveSummary
KASSA DEVUYST has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €7,205 and a net result of -€98. Equity is growing by ~28.5% per year across the filed fiscal years. Its solvency ranks better than 81% of 15862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability35▼-65
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
78%
Return on assets
-1.1%
Age of the figures
21 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-09-2025, 35 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d late
2023
96 d late
2022
31 d late
2021
11 d late
2020
31 d late
2019
53 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 43 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€7,205▼ 1.3%
2023 · €7,302
Total assets
€9,240▼ 3.6%
2023 · €9,590
Net result
-€98
2023 · €8,187
Working capital
€7,205▼ 1.3%
2023 · €7,302
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€6,460▼ 42.2%€13,696▲ 112%€31,580▲ 131%€9,183▼ 70.9%€54▼ 99.4%
Net result-€174within the sector's middle half€5,302within the sector's middle half€28,165above the sector's middle half▲ 431%€8,187within the sector's middle half▼ 70.9%-€98within the sector's middle half
Equity-€34,352below the sector's middle half▼ 0.5%-€29,050below the sector's middle half▲ 15.4%-€885below the sector's middle half▲ 97.0%€7,302within the sector's middle half€7,205within the sector's middle half▼ 1.3%
Total assets€139,021within the sector's middle half▼ 0.4%€113,710within the sector's middle half▼ 18.2%€48,314below the sector's middle half▼ 57.5%€9,590below the sector's middle half▼ 80.2%€9,240below the sector's middle half▼ 3.6%
Debt€173,373▼ 0.2%€142,761▼ 17.7%€49,199▼ 65.5%€2,288▼ 95.4%€2,036▼ 11.0%
Working capital-€1,581▲ 95.8%-€15,316▼ 869%-€885▲ 94.2%€7,302€7,205▼ 1.3%
Solvency-24.7%below the sector's middle half▼ 0.2pp-25.5%below the sector's middle half▼ 0.8pp-1.8%below the sector's middle half▲ 23.7pp76.1%above the sector's middle half▲ 78.0pp78.0%above the sector's middle half▲ 1.8pp
Staff (FTE)0.7below the sector's middle half▼ 30.0%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 99% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €9,240
Equity
€7,205 ▼ 1.3%
Debt
€2,036 ▼ 11.0%
Debt's share of the balance-sheet total falls from 23.9% to 22.0%. Equity and debt are lower.
Key figures and ratios
Current ratio
4.54▲
2023 · 4.19
Debt to equity
0.28▼
2023 · 0.31
ROE
-1.4%▼
2023 · 112.1%
ROA
-1.1%▼
2023 · 85.4%
Debt ≤ 1 year
€2,036▼
2023 · €2,288
Income taxes
€175▲
2023 · €123
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,916 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,058 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% | 1.6% |
| 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 74% 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 6,916 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €56,626 | €7,524 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,899 | €13,302 | €2,171 | €0 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €7,481 | €0 | -€2,150 | - |
| Other operating charges640/8 | - | €4,128 | €2,980 | €4,075 | €936 | ▼ 77.0% |
| Non-recurring operating charges66A | - | - | €8,515 | €369 | €0 | ▼ 100% |
| Gross operating margin9900 | €50,998 | €31,126 | €52,727 | €13,628 | -€1,160 | ▼ 109% |
| Operating profit (loss)9901 | €6,460 | €13,696 | €31,580 | €9,183 | €54 | ▼ 99.4% |
| Financial income75/76B | - | €239 | €282 | €575 | €192 | ▼ 66.6% |
| Recurring financial income75 | €220 | €239 | €282 | €575 | €192 | ▼ 66.6% |
| Financial charges65/66B | - | €8,517 | €3,576 | €1,448 | €169 | ▼ 88.3% |
| Recurring financial charges65 | €6,712 | €8,517 | €3,576 | €1,448 | €169 | ▼ 88.3% |
| Profit (loss) for the period before taxes9903 | -€32 | €5,419 | €28,285 | €8,310 | €77 | ▼ 99.1% |
| Income taxes67/77 | €142 | €117 | €120 | €123 | €175 | ▲ 41.8% |
| Profit (loss) for the period9904 | -€174 | €5,302 | €28,165 | €8,187 | -€98 | ▼ 101% |
| Profit (loss) for the period to be appropriated9905 | -€174 | €5,302 | €28,165 | €8,187 | -€98 | ▼ 101% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €139,021 | €113,710 | €48,314 | €9,590 | €9,240 | ▼ 3.6% |
| Fixed assets21/28 | €82,622 | €69,668 | €0 | - | - | - |
| Tangible fixed assets22/27 | €81,062 | €68,108 | €0 | - | - | - |
| Land and buildings22 | - | €65,937 | €0 | - | - | - |
| Furniture and vehicles24 | - | €2,171 | €0 | - | - | - |
| Financial fixed assets28 | €1,560 | €1,560 | €0 | - | - | - |
| Current assets29/58 | €56,399 | €44,042 | €48,314 | €9,590 | €9,240 | ▼ 3.6% |
| Stocks and contracts in progress3 | €13,961 | €14,569 | €0 | - | - | - |
| Stocks30/36 | - | €14,569 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €27,267 | €22,230 | €45,575 | €8,570 | €9,115 | ▲ 6.4% |
| Trade receivables40 | - | €22,139 | €10,410 | €5,232 | €5,446 | ▲ 4.1% |
| Other amounts receivable41 | - | €91 | €35,165 | €3,338 | €3,669 | ▲ 9.9% |
| Current investments50/53 | - | - | €0 | - | - | - |
| Cash at bank and in hand54/58 | €15,171 | €7,243 | €2,739 | €1,020 | €125 | ▼ 87.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €139,021 | €113,710 | €48,314 | €9,590 | €9,240 | ▼ 3.6% |
| Equity10/15 | -€34,352 | -€29,050 | -€885 | €7,302 | €7,205 | ▼ 1.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€54,812 | -€49,510 | -€21,345 | -€13,158 | -€13,256 | ▼ 0.7% |
| Amounts payable17/49 | €173,373 | €142,761 | €49,199 | €2,288 | €2,036 | ▼ 11.0% |
| Amounts payable after more than one year17 | €115,393 | €83,403 | €0 | - | - | - |
| Financial debts170/4 | - | €83,403 | €0 | - | - | - |
| Amounts payable within one year42/48 | €57,980 | €59,358 | €49,199 | €2,288 | €2,036 | ▼ 11.0% |
| Current portion of amounts payable after more than one year42 | - | €33,961 | €16,055 | €0 | - | - |
| Financial debts43 | - | €1,196 | €9,934 | €0 | - | - |
| Credit institutions430/8 | - | €1,196 | €9,934 | €0 | - | - |
| Trade debts44 | €10,025 | €12,670 | €15,711 | €2,136 | €1,738 | ▼ 18.6% |
| Suppliers440/4 | - | €12,670 | €15,711 | €2,136 | €1,738 | ▼ 18.6% |
| Taxes, remuneration and social security45 | - | €5,182 | €7,499 | €152 | €297 | ▲ 95.8% |
| Taxes450/3 | - | €5,182 | €7,499 | €152 | €297 | ▲ 95.8% |
| Other amounts payable47/48 | - | €6,349 | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€174 | €5,302 | €28,165 | €8,187 | -€98 | ▼ 101% |
| + Depreciation and write-downs630 | €17,899 | €13,302 | €2,171 | €0 | - | - |
| Operating cash flow (approximation) | €17,725 | €18,604 | €30,336 | €8,187 | -€98 | ▼ 101% |
| Investment in fixed assets (approximation) | - | -€348 | €67,497 | - | - | - |
| Change in cash | - | -€7,927 | -€4,504 | -€1,719 | -€895 | ▲ 47.9% |
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
2025
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
04-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 96 days late
2023
31-12
Financial
Liquidity quadruplescurrent ratio 4.19
Current ratio from 0.98 to 4.19; short-term debt falls from €49,199 to €2,288.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €28,165 ▲431%
Operating result €31,580, net result €28,165, both a record.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-12
Financial
Back to profitnet €5,302
Net result €5,302 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
31-12
Financial
Back to profitnet €1,074
Net result €1,074 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 25 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Halle · 1 establishment unit since 2009
Ground area
631 m²
Building footprint
82 m²
Volume, LiDAR
616 m³
Parcel 23013B0100/00S000, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KASSA DEVUYST
since 20092.181.588.792
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23013B0100/00S000 | Flanders | 631 m² | 1 · 82 m² | 11.4 m · 3 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.
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Of 1,244 companies in sector 46643 we hold annual accounts for 955. 175 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded02-10-2009
Fiscal year end31-12
Activities, NACEBEL 2025
46643Wholesale of electrical equipment, including installation materials
46431Wholesale of electrical household appliances and audio-video equipment
46474Wholesale trade
46500Wholesale of information and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0819212510
Registered
10-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.