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Start DevX

Active
Private limited companyfounded 2025active for 1 yearAllée Henri Pousseur 61, 1410 Waterloo, BelgiumKBO/BCE: BE 1023.527.172
Summary

Start DevX has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25,018 and a net result of €24,918. Its solvency ranks better than 62% of 38,753 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€25,018
Total assets
€37,308
Net result
€24,918
Working capital
€24,150

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €37,308
Fixed assets €868
Current assets €36,439
Equity and liabilities €37,308
Equity €25,018
Debt €12,289
Debt finances 32.9% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€33,368
Cash flow
€25,024
Current ratio
2.97
Debt to equity
0.49
ROE
99.6%
ROA
66.8%
Interest coverage
22.78
Debt ≤ 1 year
€12,289
Income taxes
€6,880

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,470 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 11,280 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€37,308
Fixed assets21/28€868
Tangible fixed assets22/27€868
Furniture and vehicles24€868
Current assets29/58€36,439
Amounts receivable within one year40/41€10,839
Trade receivables40€10,500
Other amounts receivable41€339
Current investments50/53€500
Cash at bank and in hand54/58€23,907
Deferred charges and accrued income490/1€1,193
Equity and liabilities
Total equity and liabilities10/49€37,308
Equity10/15€25,018
Contributions10/11€100
Profit (loss) carried forward14€24,918
Amounts payable17/49€12,289
Amounts payable within one year42/48€12,289
Trade debts44€2,150
Suppliers440/4€2,150
Taxes, remuneration and social security45€10,139
Taxes450/3€6,939
Remuneration and social security454/9€3,200
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€106
Gross operating margin9900€33,368
Operating profit (loss)9901€33,263
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€1,465
Recurring financial charges65€1,465
Profit (loss) for the period before taxes9903€31,799
Income taxes67/77€6,880
Profit (loss) for the period9904€24,918
Profit (loss) for the period to be appropriated9905€24,918
Appropriation of the result
Profit (loss) to be appropriated9906€24,918

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€106
Gross operating margin9900€33,368
Operating profit (loss)9901€33,263
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€1,465
Recurring financial charges65€1,465
Profit (loss) for the period before taxes9903€31,799
Income taxes67/77€6,880
Profit (loss) for the period9904€24,918
Profit (loss) for the period to be appropriated9905€24,918
Line2025
Assets
Total assets20/58€37,308
Fixed assets21/28€868
Tangible fixed assets22/27€868
Furniture and vehicles24€868
Current assets29/58€36,439
Amounts receivable within one year40/41€10,839
Trade receivables40€10,500
Other amounts receivable41€339
Current investments50/53€500
Cash at bank and in hand54/58€23,907
Deferred charges and accrued income490/1€1,193
Equity and liabilities
Total equity and liabilities10/49€37,308
Equity10/15€25,018
Contributions10/11€100
Profit (loss) carried forward14€24,918
Amounts payable17/49€12,289
Amounts payable within one year42/48€12,289
Trade debts44€2,150
Suppliers440/4€2,150
Taxes, remuneration and social security45€10,139
Taxes450/3€6,939
Remuneration and social security454/9€3,200
Line2025
Profit (loss) for the period9904€24,918
+ Depreciation and write-downs630€106
Operating cash flow (approximation)€25,024

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 27-07-2026 2026-00351423

Similar companies · same sector, comparable size

Of the 82,195 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,851. 33,994 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.