Summary
DEVCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €618k and a net result of €32k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 84% of 5527 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
24 d late
2023
20 d late
2022
on the day
2021
137 d early
2020
62 d early
2019
93 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€618k▼ 3.6%
2024 · €642k
2019: €532k
2020: €588k
2021: €604k
2022: €579k
2023: €611k
2024: €642k
2019 → 2025
Net result
€32k▼ 55.4%
2024 · €73k
2019: €42k
2020: €56k
2021: €16k
2022: €11k
2023: €66k
2024: €73k
2019 → 2025
Total assets
€695k▼ 6.1%
2024 · €741k
2019: €558k
2020: €622k
2021: €611k
2022: €622k
2023: €686k
2024: €741k
2019 → 2025
Solvency
88.9%▲ 2.3pp
2024 · 86.6%
2019: 95.3%
2020: 94.5%
2021: 98.7%
2022: 93.1%
2023: 89.1%
2024: 86.6%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€604k-€579k▼ 4.1%€611k▲ 5.5%€642k▲ 5.0%€618k▼ 3.6%
Operating result€30k-€23k▼ 23.8%€94k▲ 315%€105k▲ 12.1%€42k▼ 60.0%
Net result€16k-€11k▼ 29.2%€66k▲ 483%€73k▲ 11.0%€32k▼ 55.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 60% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €695k
Fixed assets
€81k ▲ 1.0%
Current assets
€614k ▼ 7.0%
Equity and liabilities €695k
Equity
€618k ▼ 3.6%
Debt
€77k ▼ 22.3%
Debt's share of the balance-sheet total falls from 13.4% to 11.1%. Equity and debt are lower.
Key figures and ratios
ROE
5.3%▼
2024 · 11.3%
ROA
4.7%▼
2024 · 9.8%
Debt ≤ 1 year
€77k▼
2024 · €99k
Income taxes
€15k▼
2024 · €32k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€741k€695k▼
Fixed assets21/28€80k€81k▲
Tangible fixed assets22/27€5k€6k▲
Furniture and vehicles24€5k€6k▲
Financial fixed assets28€75k€75k=
Current assets29/58€661k€614k▼
Amounts receivable within one year40/41€23k€3k▼
Trade receivables40€23k€352▼
Other amounts receivable41-€2k
Current investments50/53€361k€390k▲
Cash at bank and in hand54/58€277k€222k▼
Equity and liabilities
Total equity and liabilities10/49€741k€695k▼
Equity10/15€642k€618k▼
Contributions10/11€12k€12k=
Reserves13€629k€606k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€627k€604k▼
Amounts payable17/49€99k€77k▼
Amounts payable within one year42/48€99k€77k▼
Trade debts44€1k€425▼
Suppliers440/4€1k€425▼
Taxes, remuneration and social security45€55k€21k▼
Taxes450/3€51k€13k▼
Remuneration and social security454/9€4k€8k▲
Other amounts payable47/48€43k€56k▲
Accrued charges and deferred income492/3-€246
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€468€483▲
Gross operating margin9900€108k€46k▼
Operating profit (loss)9901€105k€42k▼
Financial income75/76B€1k€5k▲
Recurring financial income75€1k€5k▲
Financial charges65/66B€2k€373▼
Recurring financial charges65€2k€373▼
Profit (loss) for the period before taxes9903€105k€47k▼
Income taxes67/77€32k€15k▼
Profit (loss) for the period9904€73k€32k▼
Profit (loss) for the period to be appropriated9905€73k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€73k€32k▼
Transfer from equity791/2€42k€56k▲
Transfer to equity691/2€73k€32k▼
To other reserves6921€73k€32k▼
Profit to be distributed694/7€42k€56k▲
Return on contributions (dividend)694€42k€56k▲
The notes to these accounts (6 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
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
24-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 24 days late
2024
30-06
Financial
Highest result since 2019net €73k ▲11%
Operating result €105k, net result €73k, both a record.
20-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 20 days late
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Weakest financial yearnet €11k ▼29.2%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
2021
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Liquidity quadruplescurrent ratio 69.29
Current ratio from 15.74 to 69.29; short-term debt falls from €34k to €8k.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
10-10
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
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Bierbeek · 1 establishment unit since 2000
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.
Hoegaardsesteenweg(OPV) 463360 BierbeekGround area
2,682 m²
Building footprint
149 m²
Volume, LiDAR
833 m³
Parcel 24713A0217/00R000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hoegaardsesteenweg(OPV) 46, 3360 Bierbeek
since 20002.097.385.567
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24713A0217/00R000 | Flanders | 2,682 m² | 1 · 149 m² | 7.7 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.
Similar companies · same sector, comparable size
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BE 0418.621.316
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T-COMPANY
BE 0793.135.643
Brugge · Eq €618,440
T.S.I.
BE 0543.514.358
Etterbeek · Eq €618,552
P'DRIEM
BE 0842.983.844
Wevelgem · Eq €617,821
R&M HOLDING
BE 0685.445.847
Antwerpen · Eq €618,716
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 13,468 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded22-02-2000
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.