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Generated 12-07-2026
Active BE 0800.217.039Private limited company

LOWIE DEVOS

Forum 35 ·8870 Izegem, Belgium· 3 yrs active
Sector: Specialised construction (43211)
Conclusion Checked

The computed 12-month bankruptcy probability of LOWIE DEVOS is 2.6% (moderate). The 2024 annual accounts show equity of €62k and a net result of €39k. Its solvency ranks better than 75% of 11042 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €62k
Net result €39k
Better than sector 75%
Active 3 yrs
Snowflake analysis 5 axes · computed by Checked
Health100Profitability100Solvency99Growth78Stability94
94 / 100

Exceptional profile, strong across almost every axis.

Health 100
Profitability 100
Solvency 99
Growth 78
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
2.6% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
100 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 24-07-2025 with the NBB · fiscal year 2024 · micro
€0€20k€40k€60kOperating result 2023: €29k€29kNet result 2023: €21k€21kOperating result 2024: €56k€56kNet result 2024: €39k€39k20232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 61.9% 40.9%
better than 75% of 11042 sector peers
Net result €39k €11k
better than 82% of 11025 sector peers
Equity €62k €34k
better than 70% of 11046 sector peers
Gross operating margin €67k €35k
better than 71% of 11015 sector peers
Total assets €100k €93k
better than 53% of 11042 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€66k
+85.5% +273% vs sector
Net profit
€39k
+89.2% far above sector median
Cash flow
€50k
+79.5% +199% vs sector
Total assets
€100k
+38.2% -55% vs sector
Equity
€62k
+176.5% -18% vs sector
Working capital
€35k
- +5% vs sector
Income taxes
€16k
+115.8% far above sector median
Debt
€38k
-23.7% -55% vs sector
Debt ≤ 1y
€19k
-16.1% -68% vs sector
Debt > 1y
€19k
-29.9% +7% vs sector
Current ratio
2.81
+211.4% +85% vs sector
Quick ratio
2.81
+211.4% +119% vs sector
Solvency
61.9%
+100.1% +30% vs sector
Debt / equity
0.62
-72.4% -44% vs sector
ROE
63.8%
-31.6% far above sector median
ROA
39.5%
+36.9% far above sector median
Interest coverage
77.00
+65.5% far above sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€66k
Net profit€39k
Cash flow€50k
Staff costs-
Income taxes€16k
Dividends-
Total assets€100k
Equity€62k
Debt€38k
of which ≤ 1y€19k
of which > 1y€19k
Working capital€35k
Employees (FTE)-
Ratios (computed)
2024
Current ratio2.81
Quick ratio2.81
Working capital ratio35.1%
Solvency61.9%
Debt / equity0.62
Long-term debt ratio0.30
Interest coverage77.00
Gross margin-
Net margin-
ROA39.5%
ROE63.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€100k
Fixed assets 21/28€45k
Tangible fixed assets 22/27€45k
Financial fixed assets 28€200
Current assets 29/58€54k
Amounts receivable within one year 40/41€13k
Cash & bank 54/58€38k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€100k
Equity 10/15€62k
Contributions / capital 10/11€2k
Reserves 13€60k
Amounts payable 17/49€38k
Amounts payable after one year 17€19k
Amounts payable within one year 42/48€19k
Trade debts payable within one year 44€237
Income statement
Gross operating margin 9900€67k
Operating result 9901€56k
Financial charges 65€863
Result before taxes 9903€55k
Income taxes 67/77€16k
Net result for the period 9904€39k
Result to be appropriated 9905€39k
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Ratios computed by Checked.
Legal Structure
NACE primary Specialised construction(43211)
Legal form Private limited company(610)
Incorporation31-03-2023
StatusActive
Postal code8870
Establishment units 1 location
LOWIE DEVOS
Forum 35, 8870 IzegemZagen en schaven van hout
since 20232.345.725.957
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36493B0968/00N002 Flanders 295 m² 1 · 95 m² 0.5 m
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 2 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
24-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
20-06-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

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Company registry (CBE) Crossroads Bank
Activities
Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
Legal nameNL LOWIE DEVOS
Registered office
Forum 35
8870 Izegem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative