Devico
ActiveSummary
Devico has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €394k and a net result of €19k. Equity is growing by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 2056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 58.56 against 16.21 in 2024; short-term debt: 1.7% and cash: 49.9% of total assets), and 1.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
98.3%
Return on assets
4.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
34 d early
2023
5 d early
2022
20 d early
2021
23 d early
2020
9 d early
2019
8 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€19k▲ 51.9%
2024 · €13k
2018: €28k
2019: €-31k▼ -211% vs 2018lowest in 8 years
2020: €2k▲ +107% vs 2019
2021: €-16k▼ -817% vs 2020
2022: €415k▲ +2711% vs 2021highest in 8 years
2023: €10k▼ -97.6% vs 2022
2024: €13k▲ +28.7% vs 2023
2025: €19k▲ +51.9% vs 2024
2018 → 2025
Working capital
€383k▲ 5.6%
2024 · €363k
2018: €-172k
2019: €-199k▼ -15.7% vs 2018lowest in 8 years
2020: €-182k▲ +8.6% vs 2019
2021: €-178k▲ +2.1% vs 2020
2022: €350k▲ +296% vs 2021
2023: €351k▲ +0.4% vs 2022
2024: €363k▲ +3.2% vs 2023
2025: €383k▲ +5.6% 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€67k-€352k▲ 425%€362k▲ 2.8%€375k▲ 3.5%€394k▲ 5.1%
2021: €67klowest in 5 years
2022: €352k▲ +425% vs 2021
2023: €362k▲ +2.8% vs 2022
2024: €375k▲ +3.5% vs 2023
2025: €394k▲ +5.1% vs 2024highest in 5 years
Operating result€-14k-€612k€17k▼ 97.2%€19k▲ 9.5%€28k▲ 52.1%
2021: €-14klowest in 5 years
2022: €612k▲ +4617% vs 2021highest in 5 years
2023: €17k▼ -97.2% vs 2022
2024: €19k▲ +9.5% vs 2023
2025: €28k▲ +52.1% vs 2024
Net result€-16k-€415k€10k▼ 97.6%€13k▲ 28.7%€19k▲ 51.9%
2021: €-16klowest in 5 years
2022: €415k▲ +2711% vs 2021highest in 5 years
2023: €10k▼ -97.6% vs 2022
2024: €13k▲ +28.7% vs 2023
2025: €19k▲ +51.9% vs 2024
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 52% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €400k
Fixed assets
€11k ▼ 10.1%
Current assets
€390k ▲ 0.8%
Equity and liabilities €400k
Equity
€394k ▲ 5.1%
Debt
€7k ▼ 72.1%
Debt's share of the balance-sheet total falls from 6.0% to 1.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31k▲
2024 · €21k
Cash flow
€22k▲
2024 · €15k
Current ratio
58.56▲
2024 · 16.21
Quick ratio
57.08▲
2024 · 15.72
Debt to equity
0.02▼
2024 · 0.06
ROE
4.9%▲
2024 · 3.4%
ROA
4.8%▲
2024 · 3.2%
Interest coverage
51.52▼
2024 · 64.19
Debt ≤ 1 year
€7k▼
2024 · €24k
Income taxes
€10k▲
2024 · €7k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€398k€400k▲
Fixed assets21/28€12k€11k▼
Tangible fixed assets22/27€12k€11k▼
Land and buildings22€6k€5k▼
Plant, machinery and equipment23€5k€5k▼
Furniture and vehicles24€1k€676▼
Current assets29/58€387k€390k▲
Stocks and contracts in progress3€12k€10k▼
Stocks30/36€12k€10k▼
Amounts receivable within one year40/41€46k€180k▲
Trade receivables40€35k€163k▲
Other amounts receivable41€12k€17k▲
Current investments50/53€0€0=
Cash at bank and in hand54/58€328k€200k▼
Equity and liabilities
Total equity and liabilities10/49€398k€400k▲
Equity10/15€375k€394k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€448k€467k▲
Non-distributable reserves130/1€5k€5k=
Legal reserve130€5k€5k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€441k€460k▲
Profit (loss) carried forward14€-135k€-135k=
Amounts payable17/49€24k€7k▼
Amounts payable within one year42/48€24k€7k▼
Trade debts44€14k€1k▼
Suppliers440/4€14k€1k▼
Taxes, remuneration and social security45€1k€4k▲
Taxes450/3€1k€4k▲
Other amounts payable47/48€8k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€22k€32k▲
Operating profit (loss)9901€19k€28k▲
Financial income75/76B€1k€1k▲
Recurring financial income75€534€1k▲
Non-recurring financial income76B€490€221▼
Financial charges65/66B€323€599▲
Recurring financial charges65€323€599▲
Profit (loss) for the period before taxes9903€19k€29k▲
Income taxes67/77€7k€10k▲
Profit (loss) for the period9904€13k€19k▲
Profit (loss) for the period to be appropriated9905€13k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-122k€-116k▲
Profit (loss) brought forward from the previous period14P€-135k€-135k=
Transfer to equity691/2€13k€19k▲
To other reserves6921€13k€19k▲
The notes to these accounts (5 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 | - | €1.01M | - | - | - | - |
| Remuneration, social security and pensions62 | €180k | €150k | €12k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €2k | €1k | €2k | €2k | ▲ 18.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €-3k | - | - | - | - |
| Other operating charges640/8 | €35k | €312k | €918 | €1k | €1k | ▲ 1.4% |
| Gross operating margin9900 | €222k | €1.07M | €32k | €22k | €32k | ▲ 46.4% |
| Operating profit (loss)9901 | €-14k | €612k | €17k | €19k | €28k | ▲ 52.1% |
| Financial income75/76B | €482 | €259 | €266 | €1k | €1k | ▲ 26.1% |
| Recurring financial income75 | €482 | €259 | €266 | €534 | €1k | ▲ 100% |
| Non-recurring financial income76B | - | - | - | €490 | €221 | ▼ 54.9% |
| Financial charges65/66B | €3k | €1k | €689 | €323 | €599 | ▲ 85.3% |
| Recurring financial charges65 | €3k | €1k | €689 | €323 | €599 | ▲ 85.3% |
| Profit (loss) for the period before taxes9903 | €-16k | €611k | €17k | €19k | €29k | ▲ 50.1% |
| Income taxes67/77 | €244 | €196k | €7k | €7k | €10k | ▲ 46.8% |
| Profit (loss) for the period9904 | €-16k | €415k | €10k | €13k | €19k | ▲ 51.9% |
| Profit (loss) for the period to be appropriated9905 | €-16k | €415k | €10k | €13k | €19k | ▲ 51.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €548k | €705k | €371k | €398k | €400k | ▲ 0.5% |
| Fixed assets21/28 | €248k | €2k | €11k | €12k | €11k | ▼ 10.1% |
| Tangible fixed assets22/27 | €248k | €2k | €11k | €12k | €11k | ▼ 10.1% |
| Land and buildings22 | €100k | - | €7k | €6k | €5k | ▼ 12.0% |
| Plant, machinery and equipment23 | €146k | - | €2k | €5k | €5k | ▼ 0.1% |
| Furniture and vehicles24 | €3k | €2k | €2k | €1k | €676 | ▼ 40.4% |
| Current assets29/58 | €300k | €703k | €360k | €387k | €390k | ▲ 0.8% |
| Stocks and contracts in progress3 | €103k | €10k | €10k | €12k | €10k | ▼ 15.4% |
| Stocks30/36 | €103k | €10k | €10k | €12k | €10k | ▼ 15.4% |
| Amounts receivable within one year40/41 | €93k | €243k | €53k | €46k | €180k | ▲ 287% |
| Trade receivables40 | €88k | €217k | €39k | €35k | €163k | ▲ 369% |
| Other amounts receivable41 | €5k | €26k | €14k | €12k | €17k | ▲ 43.0% |
| Current investments50/53 | - | - | €0 | €0 | €0 | = |
| Cash at bank and in hand54/58 | €104k | €450k | €297k | €328k | €200k | ▼ 39.2% |
| Deferred charges and accrued income490/1 | €200 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €548k | €705k | €371k | €398k | €400k | ▲ 0.5% |
| Equity10/15 | €67k | €352k | €362k | €375k | €394k | ▲ 5.1% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Revaluation surpluses12 | €151k | €21k | - | - | - | - |
| Reserves13 | - | €414k | €435k | €448k | €467k | ▲ 4.3% |
| Non-distributable reserves130/1 | - | - | €5k | €5k | €5k | = |
| Legal reserve130 | - | - | €5k | €5k | €5k | = |
| Tax-exempt reserves132 | - | - | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €414k | €428k | €441k | €460k | ▲ 4.4% |
| Profit (loss) carried forward14 | €-146k | €-145k | €-135k | €-135k | €-135k | = |
| Provisions and deferred taxes16 | €3k | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €3k | - | - | - | - | - |
| Environmental obligations163 | €3k | - | - | - | - | - |
| Amounts payable17/49 | €478k | €353k | €9k | €24k | €7k | ▼ 72.1% |
| Amounts payable after more than one year17 | €59 | - | - | - | - | - |
| Financial debts170/4 | €59 | - | - | - | - | - |
| Amounts payable within one year42/48 | €478k | €353k | €9k | €24k | €7k | ▼ 72.1% |
| Financial debts43 | €46k | - | - | - | - | - |
| Credit institutions430/8 | €46k | - | - | - | - | - |
| Trade debts44 | €95k | €143k | - | €14k | €1k | ▼ 92.4% |
| Suppliers440/4 | €95k | €143k | - | €14k | €1k | ▼ 92.4% |
| Taxes, remuneration and social security45 | €244 | €196k | - | €1k | €4k | ▲ 227% |
| Taxes450/3 | €244 | €196k | - | €1k | €4k | ▲ 227% |
| Other amounts payable47/48 | €337k | €14k | €9k | €8k | €1k | ▼ 82.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-16k | €415k | €10k | €13k | €19k | ▲ 51.9% |
| + Depreciation and write-downs630 | €21k | €2k | €1k | €2k | €2k | ▲ 18.3% |
| Operating cash flow (approximation) | €5k | €417k | €11k | €15k | €22k | ▲ 47.2% |
| Investment in fixed assets (approximation) | - | €244k | €-10k | €-3k | €-1k | ▲ 64.4% |
| Change in cash | - | €346k | €-153k | €32k | €-129k | ▼ 507% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 58.56
Current ratio from 16.21 to 58.56; short-term debt falls from €24k to €7k.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 21current ratio 42.06
Current ratio from 1.99 to 42.06; short-term debt falls from €353k to €9k.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €415k
Net result €415k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.99
Current ratio from 0.63 to 1.99; short-term debt falls from €478k to €353k.
31-12
Financial
Equity above €200kEq €352k ▲425%
Equity rises from €67k to €352k.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
Show earlier events
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
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 4 acts read
About the unread acts
We know of 4 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
4 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, Aalst · 1 establishment unit since 1969
Ground area
1,279 m²
Building footprint
208 m²
Volume, LiDAR
1,229 m³
Parcel 41304G0047/02Y003, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Overhammedreef 22, 9300 Aalst
since 19692.002.892.721
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41304G0047/02Y003 | Flanders | 1,279 m² | 1 · 208 m² | 8.5 m · 2 fl. |
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
Recognised contractor
2 categoriesDevico NV31365
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 6,415 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-06-1969
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
22240Manufacture of rubber and plastic products
Scores and ratios are computed by Checked and are not a credit decision.