DEVCO Management
ActiveSummary
DEVCO Management has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €25k. Equity is shrinking by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 26% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+5
Solvency50▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.41 in 2024; short-term debt: 71.4% and cash: 32.2% of total assets), and 75.3% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 01-09-2025, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
7 d early
2023
8 d early
2022
88 d early
2021
26 d early
2020
26 d early
2019
67 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€19k=
2024 · €19k
2019: €52k
2020: €22k
2021: €25k
2022: €20k
2023: €20k
2024: €19k
2019 → 2025
Total assets
€75k▼ 6.0%
2024 · €80k
2019: €94k
2020: €95k
2021: €48k
2022: €63k
2023: €94k
2024: €80k
2019 → 2025
Net result
€25k▲ 45.9%
2024 · €17k
2019: €11k
2020: €14k
2021: €4k
2022: €17k
2023: €16k
2024: €17k
2019 → 2025
Working capital
€13k▼ 41.4%
2024 · €22k
2019: €56k
2020: €19k
2021: €29k
2022: €24k
2023: €23k
2024: €22k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€20k▼ 18.8%€20k=€19k▼ 9.1%€19k=
Operating result€5k-€24k▲ 356%€26k▲ 8.9%€26k▼ 2.2%€34k▲ 32.9%
Net result€4k-€17k▲ 381%€16k▼ 9.5%€17k▲ 6.9%€25k▲ 45.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 33% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75k
Fixed assets
€9k ▲ 55.6%
Current assets
€66k ▼ 10.7%
Equity and liabilities €75k
Equity
€19k =
Debt
€57k ▼ 7.8%
Debt's share of the balance-sheet total falls from 76.8% to 75.3%. Debt is lower.
Key figures and ratios
EBITDA
€47k▲
2024 · €39k
Cash flow
€37k▲
2024 · €30k
Current ratio
1.24▼
2024 · 1.41
Debt to equity
3.05▼
2024 · 3.31
ROE
132.2%▲
2024 · 90.6%
ROA
32.6%▲
2024 · 21.0%
Interest coverage
58.76▲
2024 · 26.44
Debt ≤ 1 year
€54k▲
2024 · €53k
Debt > 1 year
€3k▼
2024 · €9k
Income taxes
€9k▲
2024 · €8k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€80k€75k▼
Fixed assets21/28€6k€9k▲
Tangible fixed assets22/27€6k€9k▲
Furniture and vehicles24€6k€9k▲
Current assets29/58€74k€66k▼
Amounts receivable within one year40/41€27k€36k▲
Trade receivables40€16k€18k▲
Other amounts receivable41€10k€18k▲
Cash at bank and in hand54/58€42k€24k▼
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€80k€75k▼
Equity10/15€19k€19k=
Contributions10/11€19k€19k=
Reserves13€0-
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Profit (loss) carried forward14€0€0=
Amounts payable17/49€62k€57k▼
Amounts payable after more than one year17€9k€3k▼
Financial debts170/4€9k€3k▼
Amounts payable within one year42/48€53k€54k▲
Current portion of amounts payable after more than one year42€6k€6k▲
Financial debts43€4k€3k▼
Credit institutions430/8€4k€3k▼
Trade debts44€5k€6k▲
Suppliers440/4€5k€6k▲
Taxes, remuneration and social security45€19k€15k▼
Taxes450/3€10k€11k▲
Remuneration and social security454/9€9k€3k▼
Other amounts payable47/48€19k€25k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€40k€48k▲
Operating profit (loss)9901€26k€34k▲
Financial income75/76B€938€554▼
Recurring financial income75€938€554▼
Financial charges65/66B€1k€803▼
Recurring financial charges65€1k€803▼
Profit (loss) for the period before taxes9903€25k€34k▲
Income taxes67/77€8k€9k▲
Profit (loss) for the period9904€17k€25k▲
Profit (loss) for the period to be appropriated9905€17k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€17k€25k▲
Transfer from equity791/2€2k€0▼
Profit to be distributed694/7€19k€25k▲
Return on contributions (dividend)694€19k€25k▲
The notes to these accounts (10 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
2025
01-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €25k ▲45.9%
Operating result €34k, net result €25k, both a record.
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Weakest financial yearnet €4k ▼74.6%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity doublescurrent ratio 2.71
Current ratio from 1.26 to 2.71; short-term debt falls from €73k to €17k.
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
2019
09-01
State Gazette act
Board meeting · Power of attorney
2018
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
18-07
State Gazette act
Decision · Power of attorney
2017
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
26-09
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.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, La Hulpe · 1 establishment unit since 2015
Ground area
1,123 m²
Building footprint
55 m²
Volume, LiDAR
519 m³
Parcel 25050B0497/00C003, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DEVCO Management
since 20152.239.735.740
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050B0497/00C003 | Wallonia | 1,123 m² | 1 · 55 m² | 11.3 m · 3 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.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
11 locations
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 29,793 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
Founded13-02-2015
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.