DEVANTA
ActiveSummary
DEVANTA has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.55M and a net result of €494k. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 85% of 174 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240k at 30 days acceptable
Liquidity ample (current ratio 8.82 against 5.97 in 2024; short-term debt: 11.3% and cash: 67.5% of total assets), and 12.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Manufacture of textiles (NACE 13)
about 62% fewer bankruptcies
← 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
87.7%
Return on assets
17%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
40 d early
2023
50 d early
2022
33 d early
2021
27 d late
2020
45 d early
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.55M▲ 22.5%
2024 · €2.08M
2018: €687klowest in 8 years
2019: €1.14M▲ +65.3% vs 2018
2020: €1.38M▲ +21.1% vs 2019
2021: €1.42M▲ +3.4% vs 2020
2022: €1.18M▼ -17.0% vs 2021
2023: €1.71M▲ +45.0% vs 2022
2024: €2.08M▲ +21.8% vs 2023
2025: €2.55M▲ +22.5% vs 2024highest in 8 years
2018 → 2025
Total assets
€2.91M▲ 15.0%
2024 · €2.54M
2018: €1.04Mlowest in 8 years
2019: €1.64M▲ +57.8% vs 2018
2020: €1.78M▲ +8.6% vs 2019
2021: €1.85M▲ +3.9% vs 2020
2022: €1.77M▼ -4.3% vs 2021
2023: €2.11M▲ +19.1% vs 2022
2024: €2.54M▲ +20.1% vs 2023
2025: €2.91M▲ +15.0% vs 2024highest in 8 years
2018 → 2025
Net result
€494k▲ 10.1%
2024 · €449k
2018: €113klowest in 8 years
2019: €472k▲ +318% vs 2018
2020: €263k▼ -44.2% vs 2019
2021: €147k▼ -44.1% vs 2020
2022: €284k▲ +93.1% vs 2021
2023: €555k▲ +95.2% vs 2022highest in 8 years
2024: €449k▼ -19.1% vs 2023
2025: €494k▲ +10.1% vs 2024
2018 → 2025
Working capital
€2.57M▲ 23.5%
2024 · €2.08M
2018: €632klowest in 8 years
2019: €1.05M▲ +66.7% vs 2018
2020: €1.25M▲ +18.9% vs 2019
2021: €1.32M▲ +5.3% vs 2020
2022: €1.13M▼ -14.1% vs 2021
2023: €1.67M▲ +47.6% vs 2022
2024: €2.08M▲ +24.5% vs 2023
2025: €2.57M▲ +23.5% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.42M-€1.18M▼ 17.0%€1.71M▲ 45.0%€2.08M▲ 21.8%€2.55M▲ 22.5%
2021: €1.42M
2022: €1.18M▼ -17.0% vs 2021lowest in 5 years
2023: €1.71M▲ +45.0% vs 2022
2024: €2.08M▲ +21.8% vs 2023
2025: €2.55M▲ +22.5% vs 2024highest in 5 years
Operating result€206k-€415k▲ 101%€789k▲ 90.3%€579k▼ 26.7%€688k▲ 18.8%
2021: €206klowest in 5 years
2022: €415k▲ +101% vs 2021
2023: €789k▲ +90.3% vs 2022highest in 5 years
2024: €579k▼ -26.7% vs 2023
2025: €688k▲ +18.8% vs 2024
Net result€147k-€284k▲ 93.1%€555k▲ 95.2%€449k▼ 19.1%€494k▲ 10.1%
2021: €147klowest in 5 years
2022: €284k▲ +93.1% vs 2021
2023: €555k▲ +95.2% vs 2022highest in 5 years
2024: €449k▼ -19.1% vs 2023
2025: €494k▲ +10.1% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 19% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.91M
Fixed assets
€17k ▼ 53.9%
Current assets
€2.90M ▲ 15.9%
Equity and liabilities €2.91M
Equity
€2.55M ▲ 22.5%
Debt
€360k ▼ 20.2%
Debt's share of the balance-sheet total falls from 17.8% to 12.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€707k▲
2024 · €612k
Cash flow
€513k▲
2024 · €481k
Current ratio
8.82▲
2024 · 5.97
Quick ratio
8.08▲
2024 · 5.56
Debt to equity
0.14▼
2024 · 0.22
ROE
19.3%▼
2024 · 21.5%
ROA
17.0%▼
2024 · 17.7%
Interest coverage
56.73▲
2024 · 45.16
Debt ≤ 1 year
€329k▼
2024 · €419k
Income taxes
€221k▲
2024 · €193k
Staff costs
€5k▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.54M€2.91M▲
Fixed assets21/28€36k€17k▼
Tangible fixed assets22/27€36k€17k▼
Land and buildings22€14k€12k▼
Plant, machinery and equipment23€10k-
Furniture and vehicles24€12k€4k▼
Current assets29/58€2.50M€2.90M▲
Stocks and contracts in progress3€171k€242k▲
Stocks30/36€171k€242k▲
Amounts receivable within one year40/41€58k€140k▲
Trade receivables40-€124k
Other amounts receivable41€58k€17k▼
Current investments50/53-€500k
Cash at bank and in hand54/58€2.22M€1.97M▼
Deferred charges and accrued income490/1€49k€49k▼
Equity and liabilities
Total equity and liabilities10/49€2.54M€2.91M▲
Equity10/15€2.08M€2.55M▲
Contributions10/11€19k€19k=
Reserves13€2.07M€2.54M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€2.06M€2.53M▲
Amounts payable17/49€451k€360k▼
Amounts payable within one year42/48€419k€329k▼
Trade debts44€123k€37k▼
Suppliers440/4€123k€37k▼
Taxes, remuneration and social security45€61k€94k▲
Taxes450/3€56k€94k▲
Remuneration and social security454/9€5k€188▼
Other amounts payable47/48€235k€198k▼
Accrued charges and deferred income492/3€32k€31k▼
Income statement
Code20242025
Non-recurring operating income76A-€48k
Remuneration, social security and pensions62€6k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€19k▼
Other operating charges640/8€8k€5k▼
Gross operating margin9900€626k€717k▲
Operating profit (loss)9901€579k€688k▲
Financial income75/76B€76k€39k▼
Recurring financial income75€76k€39k▼
Financial charges65/66B€14k€12k▼
Recurring financial charges65€14k€12k▼
Profit (loss) for the period before taxes9903€642k€715k▲
Income taxes67/77€193k€221k▲
Profit (loss) for the period9904€449k€494k▲
Profit (loss) for the period to be appropriated9905€449k€494k▲
Appropriation of the result
Profit (loss) to be appropriated9906€449k€494k▲
Transfer from equity791/2€51k-
Transfer to equity691/2€425k€470k▲
To other reserves6921€425k€470k▲
Profit to be distributed694/7€75k€24k▼
Return on contributions (dividend)694€51k-
Directors or managers695€24k€24k=
Social balance
Average headcount (FTE)90870.30.2▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €9k | - | - | - | €48k | - |
| Remuneration, social security and pensions62 | €47k | €33k | €9k | €6k | €5k | ▼ 18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €89k | €76k | €42k | €33k | €19k | ▼ 40.7% |
| Other operating charges640/8 | €3k | €9k | €5k | €8k | €5k | ▼ 37.8% |
| Gross operating margin9900 | €345k | €532k | €845k | €626k | €717k | ▲ 14.6% |
| Operating profit (loss)9901 | €206k | €415k | €789k | €579k | €688k | ▲ 18.8% |
| Financial income75/76B | €13 | €2 | €18k | €76k | €39k | ▼ 48.6% |
| Recurring financial income75 | €13 | €2 | €18k | €76k | €39k | ▼ 48.6% |
| Financial charges65/66B | €8k | €12k | €10k | €14k | €12k | ▼ 7.9% |
| Recurring financial charges65 | €8k | €12k | €10k | €14k | €12k | ▼ 7.9% |
| Profit (loss) for the period before taxes9903 | €198k | €403k | €798k | €642k | €715k | ▲ 11.4% |
| Transfer from deferred taxes780 | €10k | - | - | - | - | - |
| Income taxes67/77 | €61k | €119k | €243k | €193k | €221k | ▲ 14.4% |
| Profit (loss) for the period9904 | €147k | €284k | €555k | €449k | €494k | ▲ 10.1% |
| Transfer from tax-exempt reserves789 | €36k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €183k | €284k | €555k | €449k | €494k | ▲ 10.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.85M | €1.77M | €2.11M | €2.54M | €2.91M | ▲ 15.0% |
| Fixed assets21/28 | €171k | €95k | €69k | €36k | €17k | ▼ 53.9% |
| Tangible fixed assets22/27 | €171k | €95k | €69k | €36k | €17k | ▼ 53.9% |
| Land and buildings22 | €175 | €131 | €16k | €14k | €12k | ▼ 11.7% |
| Plant, machinery and equipment23 | €137k | €69k | €34k | €10k | - | - |
| Furniture and vehicles24 | €34k | €26k | €19k | €12k | €4k | ▼ 63.4% |
| Current assets29/58 | €1.68M | €1.68M | €2.04M | €2.50M | €2.90M | ▲ 15.9% |
| Stocks and contracts in progress3 | €239k | €332k | €262k | €171k | €242k | ▲ 41.7% |
| Stocks30/36 | €239k | €332k | €262k | €171k | €242k | ▲ 41.7% |
| Amounts receivable within one year40/41 | €35k | €42k | €86k | €58k | €140k | ▲ 143% |
| Trade receivables40 | - | €5k | €11k | - | €124k | - |
| Other amounts receivable41 | €35k | €38k | €76k | €58k | €17k | ▼ 71.4% |
| Current investments50/53 | - | - | - | - | €500k | - |
| Cash at bank and in hand54/58 | €1.34M | €1.19M | €1.62M | €2.22M | €1.97M | ▼ 11.5% |
| Deferred charges and accrued income490/1 | €72k | €109k | €75k | €49k | €49k | ▼ 0.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.85M | €1.77M | €2.11M | €2.54M | €2.91M | ▲ 15.0% |
| Equity10/15 | €1.42M | €1.18M | €1.71M | €2.08M | €2.55M | ▲ 22.5% |
| Contributions10/11 | €326k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €1.10M | €1.16M | €1.69M | €2.07M | €2.54M | ▲ 22.8% |
| Non-distributable reserves130/1 | €278k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €278k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €819k | €1.16M | €1.69M | €2.06M | €2.53M | ▲ 22.8% |
| Amounts payable17/49 | €430k | €593k | €400k | €451k | €360k | ▼ 20.2% |
| Amounts payable after more than one year17 | €40k | €20k | - | - | - | - |
| Financial debts170/4 | €40k | €20k | - | - | - | - |
| Amounts payable within one year42/48 | €363k | €546k | €371k | €419k | €329k | ▼ 21.5% |
| Current portion of amounts payable after more than one year42 | €20k | €20k | €20k | - | - | - |
| Trade debts44 | €67k | €102k | €93k | €123k | €37k | ▼ 69.9% |
| Suppliers440/4 | €67k | €102k | €93k | €123k | €37k | ▼ 69.9% |
| Taxes, remuneration and social security45 | €22k | €44k | €64k | €61k | €94k | ▲ 54.4% |
| Taxes450/3 | €22k | €38k | €62k | €56k | €94k | ▲ 69.1% |
| Remuneration and social security454/9 | - | €6k | €1k | €5k | €188 | ▼ 96.6% |
| Other amounts payable47/48 | €254k | €380k | €195k | €235k | €198k | ▼ 16.0% |
| Accrued charges and deferred income492/3 | €27k | €27k | €29k | €32k | €31k | ▼ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €147k | €284k | €555k | €449k | €494k | ▲ 10.1% |
| + Depreciation and write-downs630 | €89k | €76k | €42k | €33k | €19k | ▼ 40.7% |
| Operating cash flow (approximation) | €236k | €360k | €597k | €481k | €513k | ▲ 6.6% |
| Investment in fixed assets (approximation) | - | €0 | €-16k | €0 | €0 | - |
| Change in cash | - | €-141k | €425k | €603k | €-255k | ▼ 142% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
21-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Equity above €2MEq €2.08M ▲21.8%
7 profitable years in a row build equity to €2.08M.
11-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2018net €555k ▲95.2%
Operating result €789k, net result €555k, both a record.
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 27 days late
2021
16-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €1MEq €1.14M ▲65.3%
2 profitable years in a row build equity to €1.14M.
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-04
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.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Waregem · 1 establishment unit since 1996
Ground area
7,973 m²
Building footprint
3,734 m²
Parcel 34453D0185/00Z000, Flanders. Linked by address, not a title deed.
1 establishment unit
DEVANTA
since 19962.075.962.623
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453D0185/00Z000 | Flanders | 7,973 m² | 1 · 3,734 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWaregem2.075.962.623
Legal Entity Identifier
894500PRDRWTVMXUH759
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Of 210 companies in sector 13100 we hold annual accounts for 139. 103 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-01-1996
Fiscal year end30-09
Activities, NACEBEL 2025
13100Manufacture of textiles
01110Growing of cereals (except rice), leguminous crops and oil seeds
Contact
E-mail
debaere.devanta@hotmail.com
Phone
0475891749
Scores and ratios are computed by Checked and are not a credit decision.