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DEVATRAN

Active Public limited companyfounded 1990active for 36 yearsPitantiestraat 100, 8792 WaregemKBO/BCE: BE 0441.687.520 #1 company by total assets in Waregem, Transport and storage sector
Heads the group DEVATRAN 16 companies
See the group

Lifetime

19 annual accounts with figures on one time axis, 34 filings since 1992
peak €8.1m (2025)
€8.1m▲ 736%
lowest -€344,288 (2024)
€6.8m▲ €7.1m
peak €22.2m (2025)
€22.2m▲ 44.0%
€38.0m▲ 92.7%
peak 2.6 FTE (2013)
1.9 FTE▲ 26.7%
Board6 names since 2017
3 directorsX4 INVEST and 2 others
Documentsfilings and deeds
30-01-20261 day before the deadline
2025abbreviated format
Gross margin from €966,753 to €8.1mBack to profit: €6.8mStaff from 1.5 FTE to 1.9 FTEEquity from €15.4m to €22.2mDebts from €19.7m to €38.0mInvestments €7.4m

Key points

from the 2025 annual accounts

Result

€6.8m €6.8m
-€344,0002024€6.8m2025

Back in profit in 2025, after a loss of €344,288 in 2024.

Debts

€38.0m ▲ 92.7%
Other debts
+10.4
Suppliers
+0.1
The rest
+7.8

Debts rose by €18.3m in 2025.

Investments

€807,872 9.4 × depreciation
20242025

Green is investment, beige is depreciation. Land and buildings stand 1304.2% higher than in 2024.

Liquidity

0.77 was 0.27 in 2024

Short-term debts rose from €19.6m to €30.0m.

Group

13 companies controlled

Heads a group.

Position in the sector

€6.8m

Higher net result than 95% of companies in land transport. Sector median €22,414 · 2,412 companies.

Checked score

84
Excellent
Financially stronger than 54% of micro companies in land transport (NACE 49)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 1.8% across 9,097 companies (NACE 49, micro).

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1%lowest value 01-2025: 0.2%▲ +0.1 percentage points vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.3%▲ +0.1 percentage points vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.4%▲ +0.1 percentage points vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026 11-2026: 0.4%● unchanged vs 10-2026highest value

Financial strength
Average

60-6equity 35.3% of total assets
26=short-term debt 47.8% · cash 0.1%
80+60return on assets 10.8%

Score breakdown

raises risk
Liquidity: current ratio 0.77, cash €37,179, halved
Sector: Land transport and transport via pipelines (NACE 49)
lowers risk
Founded in 1990
Size: 1.9 FTE, total assets €62.8m
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 47% of them on solvency, 23% on liquidity, 65% on profitability and 79% on growth.

The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 30-06-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit verdict

Credit of up to €1,850,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.77 (0.27 in 2024), below 1. Short-term debt is 47.8% and cash 0.1% of total assets. 64.7% of the assets are financed with debt and provisions.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.77, cash €37,179, halved
NBB · annual accounts
lowers risk · Founded in 1990
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
lowers risk · Size: 1.9 FTE, total assets €62.8m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 day early
2024
on the day
2023
1 day early
2022
27 days early
2021
on the day
2020
26 days late
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 30 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

XI
Managing director, Xavier Degezelle
YI
Managing director, Yves Degezelle

Shares in 8 companies, including A.I.S and CREA-BUILDING

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0441687520
Merger: DEVATRAN takes over XAVYVE Permanent representative: MarleenVandenBuverie · The company holds all the shares of XAVYVE · Director discharge: DEVATRAN (bestuurderovergenomenvennootschap) · General meeting of 03-12-2024 · Gazette deed
Merger proposal: Devatran takes over XAVYVE Permanent representative: Xavier Degezelle · The company holds all the shares of XAVYVE · Gazette deed
Amendment of the articles General meeting of 09-10-2023 · Gazette deed
All 50 events

Comparable companies

same main activity, similar in size and age
Company
DEVATRAN Waregem - - 35.3% 1.9
TRUCK & TRAILER RENTING Herstal - - 13.4% -
RETAIL PERFORMANCE MANAGEMENT CONSULTING Halle - - 36.7% 5.6
WIJNGAARD NATIE INTERNATIONAL Antwerp €0.7m - 63.9% 2
DE VREESE LOGISTIC Oudenaarde - - 24.5% -
HAVART Soumagne - - 56.7% -
S-WORKS Wingene €2.5m 18.6% 62.6% 3

These companies have the same main activity as DEVATRAN: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €14m and €46m, founded between 1984 and 1998.

Official details

Source: KBO
Status
Active since 10-10-1990Normal situation
Registered office
14 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
Activity
Freight transport by roadNACE 49410
Joint committee
226White-collar workers in international trade, transport and logistics · annual accounts 30-06-2025
Establishment unit
2.050.115.2898792 Waregem, since 06-11-1990
Financial year end
30 June
Peppol
Reachable since 11-08-2025
Company details

Annual accounts to 30-06-2025

≈ €15.0mestimated
€62.8m▲ 66.4%
Employeeson 30-06-2025
3▲ 50.0%
Filing
Filed on 30-01-2026, 1 day before the end of the filing period
Financials

Companies linked to DEVATRAN

Insights on DEVATRAN

DEVATRAN files the abbreviated format. That format states no turnover. The gross margin rose from €24,181 in 2007 to €8.1m in 2025.

In April 2023, the Official Gazette published the appointment of X4 INVEST as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about DEVATRAN

What is the company number of DEVATRAN?
The company number of DEVATRAN is 0441.687.520. The VAT number is the same number with BE in front: BE 0441.687.520.
Where is DEVATRAN based?
The registered office is at Pitantiestraat 100, 8792 Waregem.Company details
What does DEVATRAN do?
According to the KBO register, the main activity is freight transport by road (NACE 49410).
What is the legal form of DEVATRAN?
DEVATRAN is a public limited company (NV).
When was DEVATRAN founded?
DEVATRAN was founded on 10-10-1990.
Is DEVATRAN still active?
Yes, DEVATRAN is an active enterprise in the KBO register.
How many employees does DEVATRAN have?
DEVATRAN had an average of 1.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does DEVATRAN fall under?
In its 30-06-2025 annual accounts, DEVATRAN states joint committee 226 (White-collar workers in international trade, transport and logistics).
What is the turnover of DEVATRAN?
The turnover in financial year 2025 is ≈ €15.0m. This figure is estimated from the gross margin of €8.1m and 31 comparable companies (NACE 49410). It probably lies between €13.0m and €18.0m.
Is DEVATRAN profitable?
In financial year 2025, DEVATRAN made a profit of €6.8m.
Where can I find the annual accounts of DEVATRAN?
DEVATRAN filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of DEVATRAN due?
DEVATRAN must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

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