Age14 yrs
Real estate1 parcel · 1,920 m²
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of DEVAN GROUP is 0.5% (low). The 2024 annual accounts show equity of €516k and a net result of €27k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 48% of 972 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Signals
2 signals · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideAnnual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record today, 111 days later. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 29-04-2025, 1 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 30-09. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2024, that is 30-04-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 30-09-2025 | 30-04-2026 | nothing on record | not filed | - |
| 30-09-2024 | 30-04-2025 | 29-04-2025 | 1 d early | 2025-00084153 |
| 30-09-2023 | 30-04-2024 | 30-04-2024 | on the day | 2024-00081061 |
| 30-09-2022 | 30-04-2023 | 11-05-2023 | 11 d late | 2023-00086372 |
| 30-09-2021 | 30-04-2022 | 21-11-2022 | 205 d late | 2022-20524914 |
| 30-09-2020 | 30-04-2021 | 18-03-2021 | 43 d early | 2021-07800445 |
| 30-09-2019 | 30-04-2020 | 25-06-2020 | 56 d late | 2020-22600170 |
| 30-09-2018 | 30-04-2019 | 07-06-2019 | 38 d late | 2019-17300456 |
| 30-09-2017 | 30-04-2018 | 01-02-2018 | 88 d early | 2018-04100361 |
| 30-09-2016 | 30-04-2017 | 31-01-2017 | 89 d early | 2017-03800543 |
| 30-09-2015 | 30-04-2016 | 09-05-2016 | 9 d late | 2016-11900020 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsEstablished
Founded in 2012, 14 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.5%
Low
0%0,5%1,5%4%10%≥25%
Lower-risk legal form
−Higher-failure-rate sector
+Long track record
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€27k-37.3%
Working capital€516k+2.6%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 29-04-2025 with the NBB · fiscal year 2024 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~12.6%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 25.4% | 27.2% | |
| Net result | €27k | €23k | |
| Equity | €516k | €171k | |
| Gross operating margin | €277k | €173k | |
| Staff costs | €105k | €166k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P48
Stable position over 2020-2024
· n=533-972
P52
Stable position over 2020-2024
· n=532-972
P70
Improving position over 2020-2024
· n=533-972
P61
Stable position over 2020-2024
· n=531-970
Describes the position versus peers, not a forecast.
€151k
-2.7%
18-24
€27k
-37.3%
18-24
€85k
-17.7%
18-24
€2.03M
+11.4%
18-24
€516k
+5.5%
18-24
€516k
+2.6%
18-24
3
-23.7%
18-24
€105k
-15.9%
18-24
Show 11 other metrics
€14k
-31.9%
18-24
€1.52M
+13.6%
18-24
€996k
+32.7%
18-24
€505k
-11.5%
18-24
1.52
-9.1%
18-24
1.15
+8.7%
18-24
25.4%
-5.4%
18-24
2.94
+7.7%
18-24
5.2%
-40.6%
18-24
1.3%
-43.8%
18-24
2.61
-18.3%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €151k |
| Net profit | €27k |
| Cash flow | €85k |
| Staff costs | €105k |
| Income taxes | €14k |
| Dividends | - |
| Total assets | €2.03M |
| Equity | €516k |
| Debt | €1.52M |
| of which ≤ 1y | €996k |
| of which > 1y | €505k |
| Working capital | €516k |
| Employees (FTE) | 2.9 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.52 |
| Quick ratio | 1.15 |
| Working capital ratio | 25.4% |
| Solvency | 25.4% |
| Debt / equity | 2.94 |
| Long-term debt ratio | 0.98 |
| Interest coverage | 2.61 |
| Gross margin | - |
| Net margin | - |
| ROA | 1.3% |
| ROE | 5.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.03M |
| Fixed assets | 21/28 | €519k |
| Intangible fixed assets | 21 | €10k |
| Tangible fixed assets | 22/27 | €509k |
| Financial fixed assets | 28 | €750 |
| Current assets | 29/58 | €1.51M |
| Stocks & contracts in progress | 3 | €364k |
| Amounts receivable within one year | 40/41 | €983k |
| Cash & bank | 54/58 | €9k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.03M |
| Equity | 10/15 | €516k |
| Contributions / capital | 10/11 | €250k |
| Reserves | 13 | €13k |
| Accumulated profits (losses) | 14 | €189k |
| Amounts payable | 17/49 | €1.52M |
| Amounts payable after one year | 17 | €505k |
| Amounts payable within one year | 42/48 | €996k |
| Trade debts payable within one year | 44 | €436k |
| Income statement | ||
| Gross operating margin | 9900 | €277k |
| Operating result | 9901 | €92k |
| Financial income | 75 | €7k |
| Financial charges | 65 | €58k |
| Result before taxes | 9903 | €41k |
| Income taxes | 67/77 | €14k |
| Net result for the period | 9904 | €27k |
| Result to be appropriated | 9905 | €27k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed71
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationDEVAN GROUP
since 20122.210.071.259
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,920 m²
Buildings1
Building footprint1,092 m²
Volume (LiDAR)8,364 m³
Tallest building9.5 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602I0172/00Z004 | Flanders | 1,920 m² | 1 · 1,092 m² | 9.5 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 acts All acts · 1
updated 10 months ago
2025
02-10-2025 Articles of association amended, translation of the articles, coordination of the articles and full restatement of the articles
Notary:
Anne Verhaeghe · Meise
Analysis
Financial profile
5 of 5 axes measured65
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
71
Profitability
26
Solvency
50
Growth
78
Stability
100
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 643 of the 6,186 companies in this sector. 267 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Handelsbemiddeling in de niet-gespecialiseerde groothandel46190Handel in eigen onroerend goed68110
Primary activity highlighted.
Names & trade names
| Legal nameNL | DEVAN GROUP |
Registered office
Brusselsesteenweg 190
1785 Merchtem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.