DEVAN
ActiveDEVAN has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.56M and a net result of €711k. Equity is growing by ~47.8% per year across the filed fiscal years. Its solvency ranks better than 60% of 156 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -1 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency97▲+3
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330k at 30 days acceptable
Liquidity ample (current ratio 2.82 against 2.8 in 2024), and 45.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Sector 22
higher
← fewer bankruptcies
more bankruptcies →
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
54.9%
Return on assets
11%
Age of the figures
14 mo
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 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
33 d early
2022
48 d early
2021
39 d early
2020
48 d early
2019
53 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close14-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.56M▲ 24.9%
2024 · €2.85M
2019: €299k
2020: €531k
2021: €958k
2022: €1.41M
2023: €2.09M
2024: €2.85M
2019 → 2025
Total assets
€6.49M▲ 11.3%
2024 · €5.83M
2019: €1.32M
2020: €1.96M
2021: €2.33M
2022: €2.93M
2023: €3.35M
2024: €5.83M
2019 → 2025
Net result
€711k▼ 6.7%
2024 · €762k
2019: €65k
2020: €232k
2021: €427k
2022: €656k
2023: €676k
2024: €762k
2019 → 2025
Working capital
€1.29M▲ 31.7%
2024 · €980k
2019: €260k
2020: €527k
2021: €366k
2022: €586k
2023: €993k
2024: €980k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€958k-€1.41M▲ 47.6%€2.09M▲ 47.8%€2.85M▲ 36.5%€3.56M▲ 24.9%
Operating result€531k-€788k▲ 48.4%€886k▲ 12.5%€926k▲ 4.5%€957k▲ 3.4%
Net result€427k-€656k▲ 53.8%€676k▲ 3.1%€762k▲ 12.7%€711k▼ 6.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 3% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.44M
Fixed assets
€4.44M▲ 3.1%
Current assets
€2.00M▲ 31.1%
Equity and liabilities €6.49M
Equity
€3.56M▲ 24.9%
Provisions
€10k▼ 22.0%
Debt
€2.91M▼ 1.7%
The debt ratio falls from 50.9% to 44.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.65M▲
2024 · €1.58M
Cash flow
€1.40M▼
2024 · €1.42M
Solvency
54.9%▲
2024 · 48.9%
Current ratio
2.82▲
2024 · 2.80
Quick ratio
1.40▼
2024 · 1.77
Debt / equity
0.82▼
2024 · 1.04
ROE
20.0%▼
2024 · 26.7%
ROA
11.0%▼
2024 · 13.1%
Interest coverage
20.05▼
2024 · 31.27
Debt
€2.91M▼
2024 · €2.96M
Debt ≤ 1 year
€708k▲
2024 · €545k
Debt > 1 year
€2.18M▼
2024 · €2.39M
Income taxes
€173k▲
2024 · €112k
Staff costs
€319k▲
2024 · €267k
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€5.83M€6.49M▲
Formation expenses20-€51k
Fixed assets21/28€4.30M€4.44M▲
Intangible fixed assets21-€7k
Tangible fixed assets22/27€4.30M€4.43M▲
Land and buildings22€2.95M€2.93M▼
Plant, machinery and equipment23€1.33M€1.47M▲
Furniture and vehicles24€27k€19k▼
Current assets29/58€1.53M€2.00M▲
Stocks and contracts in progress3€563k€1.01M▲
Stocks30/36€563k€1.01M▲
Amounts receivable within one year40/41€686k€914k▲
Trade receivables40€572k€914k▲
Other amounts receivable41€114k€0▼
Current investments50/53€0-
Cash at bank and in hand54/58€267k€46k▼
Deferred charges and accrued income490/1€10k€33k▲
Equity and liabilities
Total equity and liabilities10/49€5.83M€6.49M▲
Equity10/15€2.85M€3.56M▲
Contributions10/11€19k€19k=
Revaluation surpluses12€4k€0▼
Reserves13€2.83M€3.54M▲
Tax-exempt reserves132€381k€688k▲
Distributable reserves133€2.45M€2.86M▲
Profit (loss) carried forward14€465€0▼
Provisions and deferred taxes16€13k€10k▼
Deferred taxes168€13k€10k▼
Amounts payable17/49€2.96M€2.91M▼
Amounts payable after more than one year17€2.39M€2.18M▼
Financial debts170/4€2.38M€2.17M▼
Other amounts payable178/9€3k€3k=
Amounts payable within one year42/48€545k€708k▲
Current portion of amounts payable after more than one year42€204k€209k▲
Trade debts44€193k€320k▲
Suppliers440/4€193k€320k▲
Taxes, remuneration and social security45€14k€87k▲
Taxes450/3€0€47k▲
Remuneration and social security454/9€14k€40k▲
Other amounts payable47/48€134k€92k▼
Accrued charges and deferred income492/3€33k€28k▼
Income statement
Code20242025
Non-recurring operating income76A€56k€12k▼
Remuneration, social security and pensions62€267k€319k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€656k€693k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k€-299▼
Other operating charges640/8€18k€28k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€1.88M€2.00M▲
Operating profit (loss)9901€926k€957k▲
Financial income75/76B€11k€6k▼
Recurring financial income75€11k€6k▼
Financial charges65/66B€51k€82k▲
Recurring financial charges65€51k€82k▲
Profit (loss) for the period before taxes9903€887k€881k▼
Transfer from deferred taxes780€1k€3k▲
Transfer to deferred taxes680€14k€0▼
Income taxes67/77€112k€173k▲
Profit (loss) for the period9904€762k€711k▼
Transfer from tax-exempt reserves789€4k€8k▲
Transfer to tax-exempt reserves689€357k€316k▼
Profit (loss) for the period to be appropriated9905€408k€404k▼
Appropriation of the result
Profit (loss) to be appropriated9906€408k€404k▼
Profit (loss) brought forward from the previous period14P€210€465▲
Transfer to equity691/2€408k€404k▼
To other reserves6921€408k€404k▼
Social balance
Average headcount (FTE)90875.36.4▲
The notes to these accounts (28 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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Highest result since 2019net €762k ▲12.7%
Net result €762k, the highest in the series.
2023
29-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Equity above €2MEq €2.09M ▲47.8%
5 profitable years in a row build equity to €2.09M.
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Equity above €1MEq €1.41M ▲47.6%
4 profitable years in a row build equity to €1.41M.
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Equity above €500kEq €531k ▲77.7%
2 profitable years in a row build equity to €531k.
2019
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
13-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
16-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1985
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.
Bissegemsestraat(Bis) 207/2098501 KortrijkGround area
2,512 m²
Building footprint
1,723 m²
Volume, LiDAR
9,386 m³
Parcel 34007A0339/00M011, Flanders · tallest building 14.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEVAN
since 19852.026.131.248
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34007A0339/00M011 | Flanders | 2,512 m² | 1 · 1,723 m² | 14.1 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 2,404 EUR awarded · 2,559 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 359 EUR | 359 EUR |
| 2024 | 1 | 203 EUR | 203 EUR |
| 2023 | 1 | 0 EUR | 155 EUR |
| 2022 | 1 | 1,842 EUR | 1,842 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteKortrijk2.026.131.248
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Of 778 companies in sector 22220 we hold annual accounts for 596. 277 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-12-1984
Fiscal year end30-06
Activities, NACEBEL
22220Manufacture of rubber and plastic products
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.