MIGUEL DEVOS
ActiveMIGUEL DEVOS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.19M and a net result of €195k. Equity is growing by ~22.6% per year across the filed fiscal years. Its solvency ranks better than 94% of 479 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 9.43 against 6.1 in 2024; short-term debt: 3.9% and cash: 19.4% of total assets), and 13% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87%
Return on assets
14.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-03-2026, 34 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
34 d early
2024
49 d early
2023
50 d early
2022
52 d early
2021
51 d early
2020
52 d early
2019
29 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.19M▲ 8.5%
2024 · €1.09M
2018: €154k
2019: €256k
2020: €400k
2021: €577k
2022: €812k
2023: €955k
2024: €1.09M
2018 → 2025
Total assets
€1.36M▲ 4.9%
2024 · €1.30M
2018: €521k
2019: €612k
2020: €716k
2021: €869k
2022: €1.14M
2023: €1.30M
2024: €1.30M
2018 → 2025
Net result
€195k▼ 2.5%
2024 · €200k
2018: €63k
2019: €103k
2020: €146k
2021: €177k
2022: €235k
2023: €217k
2024: €200k
2018 → 2025
Working capital
€454k▲ 33.5%
2024 · €340k
2018: €60k
2019: €156k
2020: €253k
2021: €391k
2022: €337k
2023: €186k
2024: €340k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€577k-€812k▲ 40.7%€955k▲ 17.6%€1.09M▲ 14.6%€1.19M▲ 8.5%
Operating result€256k-€344k▲ 34.5%€318k▼ 7.5%€299k▼ 6.1%€279k▼ 6.8%
Net result€177k-€235k▲ 32.4%€217k▼ 7.6%€200k▼ 7.7%€195k▼ 2.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.36M
Fixed assets
€858k▼ 4.2%
Current assets
€507k▲ 24.9%
Equity and liabilities €1.36M
Equity
€1.19M▲ 8.5%
Debt
€177k▼ 14.6%
The debt ratio falls from 15.9% to 13.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€319k▼
2024 · €345k
Cash flow
€235k▼
2024 · €247k
Solvency
87.0%▲
2024 · 84.1%
Current ratio
9.43▲
2024 · 6.10
Quick ratio
8.64▲
2024 · 5.41
Debt / equity
0.15▼
2024 · 0.19
ROE
16.4%▼
2024 · 18.3%
ROA
14.3%▼
2024 · 15.4%
Interest coverage
51.55▲
2024 · 24.57
Debt
€177k▼
2024 · €207k
Debt ≤ 1 year
€54k▼
2024 · €67k
Debt > 1 year
€122k▼
2024 · €140k
Income taxes
€86k▼
2024 · €88k
Staff costs
€72k▲
2024 · €52k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.30M€1.36M▲
Fixed assets21/28€895k€858k▼
Tangible fixed assets22/27€895k€857k▼
Land and buildings22€876k€843k▼
Plant, machinery and equipment23€14k€9k▼
Furniture and vehicles24€5k€5k▼
Financial fixed assets28€125€125=
Current assets29/58€406k€507k▲
Stocks and contracts in progress3€46k€42k▼
Stocks30/36€46k€42k▼
Amounts receivable within one year40/41€196k€58k▼
Trade receivables40€42k€35k▼
Other amounts receivable41€154k€23k▼
Current investments50/53€57k€130k▲
Cash at bank and in hand54/58€97k€265k▲
Deferred charges and accrued income490/1€11k€11k▲
Equity and liabilities
Total equity and liabilities10/49€1.30M€1.36M▲
Equity10/15€1.09M€1.19M▲
Contributions10/11€19k€19k=
Reserves13€1.08M€1.17M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€1.08M€1.17M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€207k€177k▼
Amounts payable after more than one year17€140k€122k▼
Financial debts170/4€140k€122k▼
Amounts payable within one year42/48€67k€54k▼
Current portion of amounts payable after more than one year42€17k€18k▲
Trade debts44€17k€19k▲
Suppliers440/4€17k€19k▲
Taxes, remuneration and social security45€26k€16k▼
Taxes450/3€20k€16k▼
Remuneration and social security454/9€5k€0▼
Other amounts payable47/48€6k€1k▼
Accrued charges and deferred income492/3€857€1k▲
Income statement
Code20242025
Remuneration, social security and pensions62€52k€72k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€40k▼
Other operating charges640/8€9k€8k▼
Non-recurring operating charges66A€618€901▲
Gross operating margin9900€406k€399k▼
Operating profit (loss)9901€299k€279k▼
Financial income75/76B€3k€8k▲
Recurring financial income75€3k€8k▲
Financial charges65/66B€14k€6k▼
Recurring financial charges65€14k€6k▼
Profit (loss) for the period before taxes9903€288k€281k▼
Income taxes67/77€88k€86k▼
Profit (loss) for the period9904€200k€195k▼
Profit (loss) for the period to be appropriated9905€200k€195k▼
Appropriation of the result
Profit (loss) to be appropriated9906€200k€195k▼
Transfer from equity791/2€61k€102k▲
Transfer to equity691/2€200k€195k▼
To other reserves6921€200k€195k▼
Profit to be distributed694/7€61k€102k▲
Return on contributions (dividend)694€61k€102k▲
Social balance
Average headcount (FTE)90870.90.7▼
The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
12-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Liquidity triplescurrent ratio 6.10
Current ratio from 1.98 to 6.10; short-term debt falls from €189k to €67k.
30-09
Financial
Equity above €1MEq €1.09M ▲14.6%
7 profitable years in a row build equity to €1.09M.
11-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €235k ▲32.4%
Operating result €344k, net result €235k, both a record.
10-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €500kEq €577k ▲44.4%
4 profitable years in a row build equity to €577k.
09-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €200kEq €256k ▲66.2%
2 profitable years in a row build equity to €256k.
16-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, De Panne · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Veldstraat 798660 De PanneGround area
770 m²
Building footprint
92 m²
Volume, LiDAR
477 m³
Parcel 38001D0172/00E000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MIGUEL DEVOS
since 20162.256.929.979
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38001D0172/00E000 | Flanders | 770 m² | 1 · 92 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 94 EUR awarded · 94 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 94 EUR | 94 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 887 companies in sector 33110 we hold annual accounts for 440. 210 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-09-2016
Fiscal year end30-09
Activities, NACEBEL
33110Repair and maintenance of fabricated metal products
68121Development of residential building projects
43211General electrical installation work
43212Electrical installation work in industrial facilities
43221Plumbing work
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@bvbadevos.be
Phone:0485/17.13.93