Result
Back in profit in 2025, after a loss of €344,288 in 2024.
Back in profit in 2025, after a loss of €344,288 in 2024.
Debts rose by €18.3m in 2025.
Green is investment, beige is depreciation. Land and buildings stand 1304.2% higher than in 2024.
Short-term debts rose from €19.6m to €30.0m.
Heads a group.
Higher net result than 95% of companies in land transport. Sector median €22,414 · 2,412 companies.
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).
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).
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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
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.
| 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.
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.
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