LIEVEN DEVOS
Annual accounts 2025
full format, filed on 28-01-2026, 92 days before the deadline€11.5m
▼ 10.0%
€2.0m
▼ 7.0%
€2.2m
▼ 7.6%
€1.9m
▼ 11.5%
94.5%
▲ 4.5 percentage points
17.77
▲ 7.81
Money flows
of every €100 of turnover, €14.09 remains as profit in 2025Balance sheet
balance sheet total €18.2m on 30-09-2025What the company ownsHow it is paid for
in €m
in €m
Position in the sector
94.5%
Higher than 95% of 834 companies in 2025.
17.77
Higher than 95% of 826 companies in 2025.
8.9%
Higher than 74% of 831 companies in 2025.
LIEVEN DEVOS
Middle half of the sector
80% of the sector
Full accounts in fabricated metal products (NACE 25)
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half
Staff
Men and women30% women
27.9 men and 11.8 women in full-time equivalents in 2025.
€62,373
Men €71,185, women €41,538 per full-time equivalent. Jobs differ, so this is not a pay gap.
-1 person
people who joined
people who left
In 2025, 3 people joined and 4 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
18.2m | 17.3m | 15.7m | 11.6m | 8.8m | 8.0m | 6.8m | 5.5m | 5.5m | 4.8m | 4.2m | 3.9m | 3.3m | |
21/28 |
502,514 | 644,325 | 734,131 | 792,006 | 787,112 | 872,515 | 469,277 | 376,970 | 412,012 | - | 537,936 | 622,909 | 585,630 | |
22/27 |
502,514 | 644,325 | 734,131 | 792,006 | 787,112 | 866,515 | 463,277 | 370,970 | 406,012 | 363,792 | 531,936 | 616,909 | 579,630 | |
23 |
276,586 | 488,176 | 579,903 | 664,247 | 690,882 | 756,542 | 414,581 | 284,615 | 321,449 | 292,018 | 430,113 | 551,503 | 526,909 | |
24 |
138,788 | 148,121 | 154,229 | 127,759 | 96,229 | 109,973 | 48,696 | 86,355 | 84,564 | 71,774 | 101,823 | 65,406 | 52,721 | |
25 |
9,366 | 3,394 | - | - | - | - | - | - | - | - | - | - | - | |
27 |
77,773 | 4,634 | - | - | - | - | - | - | - | - | - | - | - | |
28 |
- | - | - | - | - | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | |
29/58 |
17.7m | 16.6m | 15.0m | 10.8m | 8.0m | 7.2m | 6.3m | 5.1m | 5.1m | 4.4m | 3.6m | 3.3m | 2.7m | |
29 |
35,000 | 51,250 | 67,500 | 83,750 | 100,000 | 100,000 | - | - | - | - | - | - | - | |
291 |
35,000 | 51,250 | 67,500 | 83,750 | 100,000 | 100,000 | - | - | - | - | - | - | - | |
3 |
1.8m | 1.6m | 1.5m | 1.1m | 1.8m | 1.4m | 1.2m | 1.3m | 1.0m | 937,424 | 910,972 | 806,660 | 760,990 | |
30/36 |
1.8m | 1.6m | 1.5m | 1.1m | 1.8m | 1.4m | 1.2m | 1.3m | 1.0m | 937,424 | 910,972 | 806,660 | 760,990 | |
30/31 |
1.6m | 1.4m | 1.3m | - | - | - | - | - | - | - | - | - | - | |
34 |
215,326 | 249,043 | 244,147 | - | - | - | - | - | - | - | - | - | - | |
40/41 |
9.7m | 8.1m | 7.8m | 5.0m | 3.9m | 3.2m | 3.6m | 2.8m | 2.7m | 2.1m | 1.6m | 1.7m | 1.4m | |
40 |
1.9m | 2.2m | 3.2m | 2.5m | 2.3m | 1.9m | 2.3m | 1.5m | 1.6m | 1.2m | 1.3m | 1.4m | 1.1m | |
41 |
7.7m | 5.9m | 4.6m | 2.5m | 1.6m | 1.3m | 1.3m | 1.3m | 1.1m | 904,288 | 308,645 | 322,663 | 308,750 | |
50/53 |
1.4m | 5.1m | 5.3m | - | - | - | - | - | - | - | - | - | - | |
51/53 |
1.4m | 5.1m | 5.3m | - | - | - | - | - | - | - | - | - | - | |
54/58 |
4.7m | 1.7m | 263,812 | 4.6m | 2.2m | 2.5m | 1.5m | 983,625 | 1.3m | 1.3m | 1.1m | 732,624 | 540,587 | |
490/1 |
75,531 | 74,951 | 54,200 | - | - | - | - | 7,106 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
18.2m | 17.3m | 15.7m | 11.6m | 8.8m | 8.0m | 6.8m | 5.5m | 5.5m | 4.8m | 4.2m | 3.9m | 3.3m | |
10/15 |
17.2m | 15.6m | 13.7m | 10.0m | 7.9m | 6.3m | 5.3m | 4.4m | 3.8m | 3.2m | 2.7m | 2.1m | 1.3m | |
10/11 |
55,800 | 55,800 | 55,800 | 55,800 | 55,800 | 55,800 | 55,800 | 55,800 | 55,800 | - | 55,800 | 55,800 | 55,800 | |
10 |
- | - | - | - | - | - | - | - | - | 55,800 | - | - | - | |
100 |
- | - | - | - | - | - | 55,800 | 55,800 | 55,800 | 55,800 | 55,800 | 55,800 | 55,800 | |
13 |
637,080 | 1.7m | 1.5m | 2.2m | 2.0m | 1.4m | 1.3m | 1.0m | 780,580 | 470,580 | 315,580 | 36,968 | 36,968 | |
130/1 |
- | - | - | - | - | 5,580 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 5,580 | 5,580 | 5,580 | 5,580 | 5,580 | 5,580 | 5,580 | |
1311 |
- | - | - | - | - | 5,580 | - | - | - | - | - | - | - | |
132 |
631,500 | 1.7m | 1.5m | 2.2m | 2.0m | 1.4m | 1.3m | 1.0m | 775,000 | 465,000 | 310,000 | 31,388 | 31,388 | |
133 |
5,580 | 5,580 | 5,580 | 5,580 | 5,580 | - | - | - | - | - | - | - | - | |
14 |
16.5m | 13.8m | 12.1m | 7.7m | 5.8m | 4.9m | 3.9m | 3.3m | 3.0m | 2.7m | 2.3m | 2.0m | 1.2m | |
17/49 |
993,738 | 1.7m | 2.0m | 1.6m | 908,542 | 1.7m | 1.5m | 1.0m | 1.6m | 1.6m | 1.5m | 1.8m | 2.0m | |
17 |
- | - | - | - | - | - | - | - | - | - | 107,139 | 227,736 | 67,708 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | 107,139 | 227,736 | 67,708 | |
42/48 |
993,738 | 1.7m | 2.0m | 1.6m | 903,751 | 1.7m | 1.5m | 1.0m | 1.6m | 1.6m | 1.4m | 1.6m | 1.9m | |
42 |
- | - | - | - | - | - | - | - | - | 116,814 | 120,597 | 176,353 | 68,733 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | 443,360 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | 443,360 | |
44 |
337,378 | 881,451 | 1.3m | 623,036 | 513,080 | 842,988 | 642,556 | 292,553 | 681,358 | 257,623 | 166,601 | 189,725 | - | |
440/4 |
337,378 | 881,451 | 1.3m | 623,036 | 513,080 | 842,988 | 642,556 | 292,553 | 681,358 | 257,623 | 166,601 | 189,725 | - | |
45 |
656,360 | 523,571 | 636,511 | 910,926 | 376,789 | 638,260 | 507,264 | 360,587 | 357,320 | 232,452 | 232,527 | 394,598 | 247,331 | |
450/3 |
305,641 | 175,749 | 318,532 | 598,149 | 87,175 | 361,225 | 232,548 | 127,948 | 159,390 | 93,267 | 109,875 | 331,336 | 107,327 | |
454/9 |
350,719 | 347,823 | 317,980 | 312,777 | 289,613 | 277,035 | 274,716 | 232,638 | 197,929 | 139,185 | 122,652 | 63,262 | 140,004 | |
47/48 |
0 | 264,807 | 0 | 101,966 | 13,882 | 226,169 | 317,150 | 368,562 | 599,398 | 957,283 | 867,650 | 819,264 | 1.1m | |
492/3 |
0 | 50,630 | 27,612 | - | 4,791 | 2,935 | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||||
70/76A |
11.7m | 12.9m | 15.4m | - | - | - | - | - | - | - | - | - | - | |
70 |
11.5m | 12.7m | 15.3m | - | - | - | - | - | - | - | - | - | - | |
74 |
228,628 | 140,684 | 115,945 | - | - | - | - | - | - | - | - | - | - | |
76A |
0 | 7,000 | 22,402 | - | - | - | - | - | - | - | - | 4,262 | 15,566 | |
9900 |
- | - | - | 5.2m | 4.2m | 3.6m | 3.2m | 2.7m | 2.5m | 2.0m | 2.2m | 2.4m | 1.8m | |
60/66A |
9.7m | 10.8m | 10.5m | - | - | - | - | - | - | - | - | - | - | |
60 |
4.5m | 5.4m | 5.5m | - | - | - | - | - | - | - | - | - | - | |
600/8 |
4.7m | 5.5m | 5.9m | - | - | - | - | - | - | - | - | - | - | |
609 |
-203,719 | -88,857 | -386,935 | - | - | - | - | - | - | - | - | - | - | |
61 |
2.5m | 2.6m | 2.4m | - | - | - | - | - | - | - | - | - | - | |
62 |
2.5m | 2.3m | 2.2m | 2.1m | 1.9m | 1.8m | 1.7m | 1.5m | 1.4m | 965,774 | 902,476 | 919,519 | 941,937 | |
630 |
269,216 | 305,294 | 293,960 | 293,696 | 300,214 | 269,699 | 195,163 | 246,489 | 238,276 | 272,959 | 406,579 | 314,857 | 377,497 | |
631/4 |
1,273 | - | - | - | - | - | - | - | - | 44,653 | - | - | - | |
640/8 |
53,346 | 59,711 | 38,672 | 24,650 | 35,985 | 48,571 | 45,014 | 30,957 | 32,878 | 16,810 | 19,094 | 19,332 | 51,581 | |
66A |
- | - | 0 | 158 | - | - | 200 | - | - | - | - | 1,000 | 575 | |
9901 |
2.0m | 2.1m | 4.9m | 2.7m | 1.9m | 1.4m | 1.2m | 914,628 | 855,603 | 744,806 | 900,585 | 1.1m | 434,409 | |
75/76B |
290,833 | 367,707 | 155,583 | 269,047 | 97,999 | 74,979 | 85,709 | 116,014 | 112,130 | - | 72,210 | 63,867 | 53,759 | |
75 |
290,833 | 367,707 | 155,583 | 127,897 | 97,999 | 74,979 | 85,709 | 116,014 | 112,130 | 89,007 | 72,210 | 63,867 | 53,759 | |
751 |
260,606 | 358,309 | 99,489 | - | - | - | - | - | - | - | - | - | - | |
752/9 |
30,227 | 9,398 | 56,094 | - | - | - | - | - | - | - | - | - | - | |
76B |
- | - | - | 141,150 | - | - | - | - | - | - | - | - | - | |
65/66B |
25,065 | 34,662 | 63,526 | 40,918 | 37,191 | 31,000 | 37,826 | 63,722 | 81,537 | - | 90,834 | 58,919 | 47,578 | |
65 |
25,065 | 34,662 | 63,526 | 40,918 | 37,191 | 31,000 | 37,826 | 63,722 | 81,537 | 83,052 | 90,834 | 58,919 | 47,578 | |
650 |
5 | 2,453 | 536 | - | - | - | - | - | - | - | - | - | - | |
652/9 |
25,060 | 32,208 | 62,990 | - | - | - | - | - | - | - | - | - | - | |
9903 |
2.2m | 2.5m | 5.0m | 3.0m | 2.0m | 1.5m | 1.2m | 966,921 | 886,196 | 750,761 | 881,962 | 1.1m | 455,581 | |
67/77 |
622,104 | 629,421 | 1.3m | 859,058 | 435,187 | 446,039 | 364,630 | 370,850 | 245,576 | 241,321 | 292,409 | 375,028 | 151,492 | |
670/3 |
622,104 | 629,421 | 1.3m | - | - | - | - | - | - | - | - | - | - | |
9904 |
1.6m | 1.8m | 3.8m | 2.1m | 1.5m | 1.0m | 851,930 | 596,071 | 640,620 | 509,440 | 589,552 | 759,806 | 304,089 | |
789 |
1.1m | 467,679 | 686,953 | 620,000 | - | 155,000 | 64,271 | 46,097 | - | - | 31,388 | - | - | |
689 |
0 | 631,500 | 0 | 842,000 | 631,500 | 178,000 | 356,000 | 310,000 | 310,000 | 155,000 | 310,000 | - | - | |
9905 |
2.7m | 1.7m | 4.4m | 1.9m | 916,466 | 1.0m | 560,201 | 332,167 | 330,620 | 354,440 | 310,940 | 759,806 | 304,089 | |
| Appropriation of the result | ||||||||||||||
9906 |
16.5m | 13.8m | 12.1m | 7.7m | 5.8m | 4.9m | 3.9m | 3.3m | 3.0m | 2.7m | 2.3m | 2.0m | 1.2m | |
14P |
13.8m | 12.1m | 7.7m | 5.8m | 4.9m | - | - | - | - | 2.3m | - | - | - | |
| Social balance sheet | ||||||||||||||
9087 |
39.7 | 39.6 | 39.9 | 40.1 | 39.6 | 38 | 37.6 | 33.8 | 29.9 | 23 | 21.4 | 22.7 | 34.2 | |
Men (FTE)1003 |
27.9 | 27.5 | 27.3 | - | - | - | - | - | - | - | - | - | - | |
Women (FTE)1003 |
11.8 | 12.1 | 12.6 | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
64,177 | 62,034 | 61,623 | 64,639 | 62,022 | 60,438 | 59,520 | 52,954 | 47,643 | - | 33,129 | 35,042 | 22,709 | |
| Document | ||||||||||||||
The notes to these accounts have 53 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 28-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | full format | 28-01-2026 | 2026-00016599 | |
| 30-09-2024 | full format | 02-04-2025 | 2025-00061203 | |
| 30-09-2023 | full format | 24-04-2024 | 2024-00069851 | |
| 30-09-2022 | abbreviated format | 09-05-2023 | 2023-00084379 | |
| 30-09-2021 | abbreviated format | 09-05-2022 | 2022-20022673 | |
| 30-09-2020 | abbreviated format | 30-04-2021 | 2021-12100113 | |
| 30-09-2019 | abbreviated format | 29-04-2020 | 2020-10200154 | |
| 30-09-2018 | abbreviated format | 26-03-2019 | 2019-07600566 | |
| 30-09-2017 | abbreviated format | 27-04-2018 | 2018-10800480 | |
| 30-09-2016 | abbreviated format | 11-04-2017 | 2017-09200053 | |
| 30-09-2015 | abbreviated format | 29-03-2016 | 2016-07300293 | |
| 30-09-2014 | abbreviated format | 31-03-2015 | 2015-07800434 | |
| 30-09-2013 | abbreviated format | 28-04-2014 | 2014-09900561 |
Subsidies and aid
Flemish government 2024 to 2025, 3 entries, €2,119 awarded, €2,119 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €1,119 | €1,119 |
| 2024 | 1 | €1,000 | €1,000 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.2m | 2.4m | 5.2m | 3.0m | 2.2m | 1.7m | 1.4m | 1.2m | 1.1m | 1.0m | 1.3m | 1.4m | 811,906 | ||
| 1.9m | 2.1m | 4.0m | 2.4m | 1.8m | 1.3m | 1.0m | 842,560 | 878,896 | 782,399 | 996,131 | 1.1m | 681,585 | ||
| 127,405 | 215,487 | 405,159 | 298,590 | 220,810 | 672,938 | 287,470 | 211,446 | 303,091 | 104,815 | 321,606 | 354,419 | 304,264 | ||
| 3.0m | 1.4m | -4.3m | 2.3m | -237,897 | 965,352 | 532,134 | -293,142 | -61,069 | 253,017 | 352,195 | 192,037 | - | ||
| 16.7m | 15.0m | 13.0m | 9.2m | 7.1m | 5.4m | 4.8m | 4.1m | 3.4m | 2.8m | 2.3m | 1.7m | 818,787 | ||
| 17.2% | 16.6% | 32.4% | - | - | - | - | - | - | - | - | - | - | ||
| 94.5% | 90.0% | 87.4% | 85.9% | 89.6% | 78.7% | 78.3% | 81.3% | 70.1% | 67.1% | 64.3% | 53.7% | 40.5% | ||
| 17.77 | 9.96 | 7.65 | 6.61 | 8.84 | 4.19 | 4.28 | 4.97 | 3.09 | 2.81 | 2.63 | 2.08 | 1.43 | ||
| 15.94 | 8.99 | 6.88 | 5.92 | 6.86 | 3.39 | 3.47 | 3.70 | 2.45 | 2.21 | 1.97 | 1.57 | 1.03 | ||
| 0.06 | 0.11 | 0.14 | 0.16 | 0.12 | 0.27 | 0.28 | 0.23 | 0.43 | 0.49 | 0.56 | 0.86 | 1.47 | ||
| 9.4% | 11.7% | 27.3% | 21.1% | 19.7% | 16.4% | 16.1% | 13.4% | 16.7% | 15.9% | 21.9% | 36.2% | 22.7% | ||
| 8.9% | 10.6% | 23.9% | 18.2% | 17.6% | 12.9% | 12.6% | 10.9% | 11.7% | 10.7% | 14.1% | 19.5% | 9.2% | ||
| over 100 | over 100 | over 100 | 74.11 | 59.76 | - | - | - | - | 12.25 | - | - | - | ||
| 61 days | 64 days | 76 days | - | - | - | - | - | - | - | - | - | - | ||
| 18 days | 40 days | 60 days | - | - | - | - | - | - | - | - | - | - |
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.
Social balance sheet
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 40 | 41 | 42 | 42 | 44 |
| full-time | 32 | 33 | 36 | 35 | 37 |
| part-time | 8 | 8 | 6 | 7 | 7 |
| in full-time equivalents | 38.1 | 39 | 40 | 39.6 | 41.5 |
| 39.7 | 39.6 | 39.9 | 40.1 | 39.6 | |
| On a permanent contract | 39 | 39 | 40 | 39 | 40 |
| Joined | 3 | 6 | 9 | 6 | 13 |
| Left | 4 | 5 | 7 | 8 | 10 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €127,405 | €215,487 | €405,159 | €298,590 | €220,810 |
| €269,216 | €305,294 | €293,960 | €293,696 | €300,214 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on LIEVEN DEVOS
The operating result for 2025 is 7% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 10.0% to 5.5%. Equity is higher and debt is lower.
Large changes and their cause
- 2023 Net result +78% on 2022. The accounts now follow the full format, last year the abbreviated format.