DEVA - KORT
ActiveDEVA - KORT has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €811k and a net result of €63k. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 78% of 862 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▲+46
Solvency93▲+3
Growth32▼-1
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 3.12 against 2.8 in 2024; short-term debt: 31.7% and cash: 48.6% of total assets), and 32.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
67.9%
Return on assets
5.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
22 d early
2023
21 d early
2022
31 d early
2021
20 d early
2020
39 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€3.52M▼ 0.8%
2024 · €3.55M
2018: €3.61M
2019: €3.78M
2020: €3.73M
2021: €4.21M
2022: €5.03M
2023: €4.06M
2024: €3.55M
2018 → 2025
EBIT margin
2.0%▲ 3.9pp
2024 · -1.9%
2018: 3.4%
2019: 4.2%
2020: 4.5%
2021: 2.2%
2022: 5.8%
2023: 0.8%
2024: -1.9%
2018 → 2025
Net result
€63k
2024 · €-44k
2018: €85k
2019: €107k
2020: €124k
2021: €67k
2022: €215k
2023: €47k
2024: €-44k
2018 → 2025
Working capital
€804k▲ 9.0%
2024 · €738k
2018: €990k
2019: €1.12M
2020: €1.24M
2021: €1.32M
2022: €1.53M
2023: €779k
2024: €738k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€4.21M-€5.03M▲ 19.5%€4.06M▼ 19.2%€3.55M▼ 12.5%€3.52M▼ 0.8%
Equity€1.33M-€1.55M▲ 16.2%€793k▼ 48.7%€748k▼ 5.6%€811k▲ 8.4%
Operating result€91k-€292k▲ 223%€33k▼ 88.7%€-68k€69k
Net result€67k-€215k▲ 223%€47k▼ 78.0%€-44k€63k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €69k after a loss of €68k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.20M
Fixed assets
€12k▲ 13.4%
Current assets
€1.18M▲ 3.0%
Equity and liabilities €1.20M
Equity
€811k▲ 8.4%
Debt
€384k▼ 6.5%
The debt ratio falls from 35.4% to 32.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€78k▲
2024 · €-64k
Cash flow
€71k▲
2024 · €-41k
Solvency
67.9%▲
2024 · 64.6%
Current ratio
3.12▲
2024 · 2.80
Quick ratio
3.12▲
2024 · 2.80
Debt / equity
0.47▼
2024 · 0.55
ROE
7.7%▲
2024 · -5.9%
ROA
5.3%▲
2024 · -3.8%
Interest coverage
79.16▲
2024 · -72.59
Debt
€384k▼
2024 · €410k
Debt ≤ 1 year
€379k▼
2024 · €410k
Income taxes
€11k▲
2024 · €864
Staff costs
€1.24M▲
2024 · €1.14M
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€1.16M€1.20M▲
Fixed assets21/28€11k€12k▲
Tangible fixed assets22/27€9k€10k▲
Furniture and vehicles24€9k€10k▲
Financial fixed assets28€2k€2k=
Other financial fixed assets284/8€2k€2k=
Amounts receivable and cash guarantees285/8€2k€2k=
Current assets29/58€1.15M€1.18M▲
Amounts receivable within one year40/41€612k€567k▼
Trade receivables40€524k€526k▲
Other amounts receivable41€88k€41k▼
Cash at bank and in hand54/58€526k€581k▲
Deferred charges and accrued income490/1€11k€35k▲
Equity and liabilities
Total equity and liabilities10/49€1.16M€1.20M▲
Equity10/15€748k€811k▲
Contributions10/11€248k€248k=
Capital10€248k€248k=
Issued capital100€248k€248k=
Reserves13€401k€401k=
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Distributable reserves133€376k€376k=
Profit (loss) carried forward14€99k€162k▲
Amounts payable17/49€410k€384k▼
Amounts payable within one year42/48€410k€379k▼
Trade debts44€270k€252k▼
Suppliers440/4€270k€252k▼
Taxes, remuneration and social security45€137k€123k▼
Taxes450/3€7k-
Remuneration and social security454/9€131k€123k▼
Other amounts payable47/48€4k€4k▲
Accrued charges and deferred income492/3-€5k
Income statement
Code20242025
Operating income70/76A€3.72M€3.62M▼
Turnover70€3.55M€3.52M▼
Other operating income74€127k€76k▼
Non-recurring operating income76A€42k€17k▼
Operating charges60/66A€3.79M€3.55M▼
Goods for resale, raw materials and consumables60€1.61M€1.24M▼
Purchases600/8€1.61M€1.24M▼
Services and other goods61€826k€820k▼
Remuneration, social security and pensions62€1.14M€1.24M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€9k▲
Other operating charges640/8€210k€244k▲
Non-recurring operating charges66A€2k€589▼
Operating profit (loss)9901€-68k€69k▲
Financial income75/76B€25k€6k▼
Recurring financial income75€25k€6k▼
Income from current assets751€25k€6k▼
Financial charges65/66B€887€985▲
Recurring financial charges65€887€985▲
Other financial charges652/9€887€985▲
Profit (loss) for the period before taxes9903€-44k€74k▲
Income taxes67/77€864€11k▲
Taxes670/3€1k€11k▲
Tax adjustments and reversals of tax provisions77€136-
Profit (loss) for the period9904€-44k€63k▲
Profit (loss) for the period to be appropriated9905€-44k€63k▲
Appropriation of the result
Profit (loss) to be appropriated9906€99k€162k▲
Profit (loss) brought forward from the previous period14P€144k€99k▼
Social balance
Average headcount (FTE)908714.614.8▲
The notes to these accounts (33 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
01-09
State Gazette act
General meeting · Director appointmentGeneral meeting · Director appointment · Auditor resignation5 facts ▸
State Gazette act
General meeting · Director appointment
General meeting · Director appointment · Auditor resignation5 facts ▸
- General meeting, 2026-06-17
- Director appointment, Johan Van Der Biest (Bestuurder)
- Auditor resignation, Deloitte Bedrijfsrevisoren (revisor)
- Auditor appointment, PwC Bedrijfsrevisoren BV (commissaris)
- Permanent representative, Wouter Coppens
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €63k
Net result €63k after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-44k ▼194%
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €215k ▲223%
Operating result €292k, net result €215k, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Johan Van Der Biest
CurrentDirector · since 17-06-2026
17-06-2026
Appointed as Director
Location & real-estate footprint
Registered office, Kortemark · 1 establishment unit since 2001
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.
Hoogledestraat 928610 KortemarkGround area
12.2 ha
Building footprint
2.1 ha
Parcel 32011D0613/00G006, Flanders. Linked by address, not a title deed.
1 establishment unit
Hoogledestraat 92, 8610 Kortemark
since 20012.015.983.761
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32011D0613/00G006 | Flanders | 12.2 ha | 1 · 2.1 ha | - |
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.
Statutory auditor
1 auditor| BV PwC BedrijfsrevisorenCurrent Statutory auditor | 17-06-2026 → present |
Structure & network
Connections & network
3 connected companiesLinked via shared directors
viaJohan Van Der Biest · Director
→
viaJohan Van Der Biest · Director
→
viaJohan Van Der Biest · Vicevoorzitter
former→
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 12,195 EUR awarded · 12,195 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 831 EUR | 831 EUR |
| 2024 | 1 | 660 EUR | 660 EUR |
| 2023 | 1 | 1,704 EUR | 1,704 EUR |
| 2022 | 1 | 9,000 EUR | 9,000 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Vlaams opleidingsverlof (VOV)
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Of 12,606 companies in sector 49410 we hold annual accounts for 8,195. 4,470 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-08-1987
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
38222Waste collection, recovery and disposal activities
38320Waste collection, recovery and disposal activities
90022
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.