VINE DEVOS
ActiveFrom the official registers: KBO 35 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
VINE DEVOS has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137,017 and a net result of -€13,416. Equity has been stable since 2018 (±0.1% per year). Its solvency ranks better than 50% of 22,726 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 26-04-1991 Normal situation
- Activity
- Retail sale of beverages, general range NACE 47252
- Establishment unit
- 2.053.196.426 8820 Torhout, since 24-06-1991
- Financial year end
- 31 December
- Peppol
- Reachable since 29-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €28,840
- ▼ 0.8%
- Turnover
- ≈ €280,000
- estimated
- Loss
- €13,416
- ▲ 166%
- Equity
- €137,017
- ▼ 8.9%
- Total assets
- €413,091
- ▼ 6.1%
Score breakdownraises riskSector: Retail trade (NACE 47)lowers riskFounded in 1991Liquidity: current ratio 229.03, cash €60,828Size: total assets €413,091Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro). It does better than 49% of them on solvency, 75% on liquidity, 45% on profitability and 27% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 49 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 12-06-2026 PDF all 35 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €14,291, larger than the loss of €4,841 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as VINE DEVOS: retail sale of beverages, general range (NACE 47252). They are comparable in size and age: total assets between €254,000 and €670,000, founded between 1989 and 1998.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| VINE DEVOS Torhout | 1991 | €413,091 | €137,017 | €28,840 | - | -€13,416 | - | 2025 |
| G.K. MANAGEMENT Burdinne | 1998 | €472,861 | €250,966 | €26,657 | - | €32,321 | - | 2025 |
| Drinkshop Merksplas Merksplas | 1995 | €457,941 | €176,800 | €50,196 | - | €1,205 | 0.3 | 2025 |
| EUROWINES Sint-Pieters-Woluwe | 1992 | €254,281 | €170,048 | €31,023 | - | €11,171 | - | 2025 |
| LEUZE - BOISSONS Frasnes-lez-Anvaing | 1989 | €669,849 | €523,831 | €24,578 | - | -€73,740 | - | 2025 |
| LA CAVE DE BATISSE Beauraing | 1989 | €368,214 | €205,578 | €55,427 | €494,226 | €28,875 | - | 2025 |
| PIRON DRINKS Aubel | 1992 | €289,915 | €200,371 | €17,714 | - | -€11,686 | - | 2025 |
They were chosen from the 697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 12,322 companies had the same profile as VINE DEVOS has now. Two years later, 0.7% had gone bankrupt and 90.3% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VINE DEVOS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for VINE DEVOS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,724 | €35,098 | €35,685 | €34,459 | €25,029 | €24,682 | €25,096 | €34,463 | ▲ 37.3% |
| Other operating charges640/8 | - | - | - | €9,880 | €11,041 | €11,802 | €8,829 | €8,668 | ▼ 1.8% |
| Gross operating margin9900 | €35,811 | €46,502 | €47,268 | €46,283 | €38,304 | €36,677 | €29,083 | €28,840 | ▼ 0.8% |
| Operating profit (loss)9901 | -€12,597 | €588 | €340 | €1,944 | €2,234 | €193 | -€4,841 | -€14,291 | ▼ 195% |
| Financial income75/76B | - | - | - | €19 | €13 | €60 | €0 | €1,040 | ▲ 34,658× |
| Recurring financial income75 | €43 | €1 | €22 | €19 | €13 | €60 | €0 | €1,040 | ▲ 34,658× |
| Financial charges65/66B | - | - | - | €148 | €147 | €146 | €199 | €165 | ▼ 17.1% |
| Recurring financial charges65 | €758 | €404 | €196 | €148 | €147 | €146 | €199 | €165 | ▼ 17.1% |
| Profit (loss) for the period before taxes9903 | -€13,311 | €185 | €165 | €1,815 | €2,100 | €107 | -€5,040 | -€13,416 | ▼ 166% |
| Profit (loss) for the period9904 | -€13,311 | €185 | €165 | €1,815 | €2,100 | €107 | -€5,040 | -€13,416 | ▼ 166% |
| Profit (loss) for the period to be appropriated9905 | -€13,311 | €185 | €165 | €1,815 | €2,100 | €107 | -€5,040 | -€13,416 | ▼ 166% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €517,084 | €491,770 | €480,785 | €482,283 | €463,032 | €452,735 | €439,809 | €413,091 | ▼ 6.1% |
| Fixed assets21/28 | €250,898 | €224,634 | €195,291 | €162,350 | €142,555 | €119,027 | €108,260 | €140,896 | ▲ 30.1% |
| Tangible fixed assets22/27 | €250,898 | €224,634 | €195,291 | €162,350 | €142,555 | €119,027 | €108,260 | €140,896 | ▲ 30.1% |
| Land and buildings22 | - | - | - | €151,582 | €133,643 | €112,223 | €102,589 | €76,502 | ▼ 25.4% |
| Plant, machinery and equipment23 | - | - | - | €4,866 | €3,114 | €2,401 | €1,688 | €1,621 | ▼ 4.0% |
| Furniture and vehicles24 | - | - | - | €4,393 | €4,468 | €3,251 | €3,010 | €61,980 | ▲ 21× |
| Other tangible fixed assets26 | - | - | - | €1,509 | €1,330 | €1,151 | €972 | €793 | ▼ 18.4% |
| Current assets29/58 | €266,186 | €267,136 | €285,494 | €319,933 | €320,477 | €333,709 | €331,550 | €272,195 | ▼ 17.9% |
| Stocks and contracts in progress3 | €256,758 | €237,587 | €235,512 | €248,134 | €242,902 | €251,498 | €230,376 | €205,680 | ▼ 10.7% |
| Stocks30/36 | - | - | - | €248,134 | €242,902 | €251,498 | €230,376 | €205,680 | ▼ 10.7% |
| Amounts receivable within one year40/41 | €7,374 | €7,586 | €5,486 | €3,155 | €8,745 | €7,943 | €4,561 | €4,777 | ▲ 4.7% |
| Trade receivables40 | - | - | - | €3,092 | €8,682 | €7,880 | €4,497 | €4,402 | ▼ 2.1% |
| Other amounts receivable41 | - | - | - | €64 | €64 | €64 | €64 | €376 | ▲ 490% |
| Current investments50/53 | - | - | - | - | - | - | €50,000 | - | - |
| Cash at bank and in hand54/58 | €2,053 | €21,962 | €44,497 | €68,643 | €68,699 | €74,130 | €46,232 | €60,828 | ▲ 31.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €131 | €137 | €381 | €911 | ▲ 139% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €517,084 | €491,770 | €480,785 | €482,283 | €463,032 | €452,735 | €439,809 | €413,091 | ▼ 6.1% |
| Equity10/15 | €151,101 | €151,286 | €151,452 | €153,267 | €155,367 | €155,474 | €150,434 | €137,017 | ▼ 8.9% |
| Contributions10/11 | €300,001 | €300,001 | €300,001 | €300,001 | €300,001 | €300,001 | €300,001 | €300,001 | = |
| Capital10 | - | - | - | €300,001 | €300,001 | €300,001 | €300,001 | €300,001 | = |
| Issued capital100 | - | - | - | €300,001 | €300,001 | €300,001 | €300,001 | €300,001 | = |
| Profit (loss) carried forward14 | -€148,900 | -€148,714 | -€148,549 | -€146,734 | -€144,634 | -€144,527 | -€149,567 | -€162,983 | ▼ 9.0% |
| Amounts payable17/49 | €365,983 | €340,483 | €329,334 | €329,016 | €307,665 | €297,261 | €289,375 | €276,074 | ▼ 4.6% |
| Amounts payable after more than one year17 | €330,000 | €325,830 | €321,050 | €313,337 | €296,503 | €291,994 | €285,046 | €274,660 | ▼ 3.6% |
| Other amounts payable178/9 | - | - | - | €313,337 | €296,503 | €291,994 | €285,046 | €274,660 | ▼ 3.6% |
| Amounts payable within one year42/48 | €35,138 | €14,428 | €8,058 | €15,455 | €10,937 | €5,042 | €4,105 | €1,188 | ▼ 71.0% |
| Trade debts44 | €14,545 | €9,423 | €570 | €359 | - | €331 | - | €9 | - |
| Suppliers440/4 | - | - | - | €359 | - | €331 | - | €9 | - |
| Advances received on contracts in progress46 | - | - | - | €13,056 | €9,448 | €3,114 | €3,114 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €2,040 | €1,489 | €1,597 | €991 | €1,180 | ▲ 19.1% |
| Taxes450/3 | - | - | - | €2,040 | €1,489 | €1,597 | €991 | €1,180 | ▲ 19.1% |
| Accrued charges and deferred income492/3 | - | - | - | €225 | €225 | €225 | €225 | €225 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,311 | €185 | €165 | €1,815 | €2,100 | €107 | -€5,040 | -€13,416 | ▼ 166% |
| + Depreciation and write-downs630 | €34,724 | €35,098 | €35,685 | €34,459 | €25,029 | €24,682 | €25,096 | €34,463 | ▲ 37.3% |
| Operating cash flow (approximation) | €21,413 | €35,283 | €35,850 | €36,274 | €27,130 | €24,789 | €20,055 | €21,047 | ▲ 4.9% |
| Investment in fixed assets (approximation) | - | -€8,834 | -€6,342 | -€1,518 | -€5,234 | -€1,154 | -€14,329 | -€67,100 | ▼ 368% |
| Change in cash | - | €19,909 | €22,534 | €24,147 | €55 | €5,432 | -€27,899 | €14,596 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 12-06-2026 | 2026-00156498 | |
| 31-12-2024 | micro format | 19-05-2025 | 2025-00097603 | |
| 31-12-2023 | micro format | 11-06-2024 | 2024-00120641 | |
| 31-12-2022 | micro format | 08-06-2023 | 2023-00118508 | |
| 31-12-2021 | micro format | 09-06-2022 | 2022-20060431 | |
| 31-12-2020 | micro format | 08-06-2021 | 2021-18400104 | |
| 31-12-2019 | micro format | 16-07-2020 | 2020-31400532 | |
| 31-12-2018 | micro format | 12-06-2019 | 2019-18400286 | |
| 31-12-2017 | micro format | 05-06-2018 | 2018-16900536 | |
| 31-12-2016 | micro format | 17-05-2017 | 2017-12300328 |
Board & ownership
Directors
Board 1
Day-to-day management 1
Owners and capital
Capital transactions
- 19-01-2024 Capital stated in the deed · €300,000.75 · 12,102 shares
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Devos Luc |
|
| Devos Hans |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, enige bestuurder”“Meerderheid leden aanwezig of geldig vertegenwoordigd, gewone meerderheid”“Algemene kosten, algemene vergadering”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Ontbinding met vereffening, algemene vergadering”“Alle verrichtingen vermeld in de wet, algemene vergadering anders bij gewone meerderheid van stemmen”“Aanzuivering schulden,lasten,kosten of consignatie nodige gelden, netto-actief in geld of effecten onder aandeelhouders naar verhouding…”
Articles of association, deed of 19-01-2024 (in Dutch)
Network & group
VINE DEVOS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of VINE DEVOS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
19-01
Gazette deed
Resignations: Devos Luc (director) and Devos Hans (director)Appointment: Devos Luc (director) · Amendment of the articles · Name change14 points ▸
- General meeting, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Amendment of the articles, mentioned 3 times in the deed
- Name change, VINE DEVOS
- Registered office clause, “8820 Torhout,Oostendestraat 264, Derde besluit” (deed in Dutch)
- Director resignation, Devos Luc
- Director resignation, Devos Hans
- Director appointment, Devos Luc (director)
- Director discharge, Devos Luc
- Director discharge, Devos Hans
- Board composition, “slechts één bestuurder werd benoemd, statuten aangepast dienen te worden aan het eenhoofdig bestuur” (deed in Dutch)
- Capital, €300,000.75
- Director appointment, Devos Luc (managing director)
- The act holds 2 more points.
08-06
Gazette deed
Reappointments: Devos Luc (director) and Devos Hans (director)5 points ▸
- General meeting, 10-05-2022
- Director reappointment, Devos Luc (director)
- Director reappointment, Devos Hans (director)
- Other provision, “aanvaarding mandaat en verklaring geen verhindering, geen kennis van enig feit dat uitoefening van mandaat zou verhinderen” (deed in Dutch)
- Board meeting, 10-05-2022
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31033I0490/00V002 | Flanders | 1,923 m² | 1 · 406 m² | 6.3 m · 2 |