Devlin Management
ActiveSummary
Devlin Management has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156k and a net result of €65k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 45% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▲+11
Solvency68▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 0.88 in 2024; short-term debt: 15% and cash: 16.1% of total assets), and 56.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← 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
43.1%
Return on assets
18%
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
76 d early
2023
125 d early
2022
31 d early
2021
4 d early
2020
30 d late
2019
31 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€156k▲ 33.0%
2024 · €117k
2018: €21k
2019: €106k
2020: €152k
2021: €223k
2022: €221k
2023: €202k
2024: €117k
2018 → 2025
Total assets
€362k▼ 19.2%
2024 · €448k
2018: €798k
2019: €674k
2020: €781k
2021: €573k
2022: €589k
2023: €500k
2024: €448k
2018 → 2025
Net result
€65k▲ 62.4%
2024 · €40k
2018: €3k
2019: €86k
2020: €46k
2021: €71k
2022: €70k
2023: €59k
2024: €40k
2018 → 2025
Working capital
€17k
2024 · €-20k
2018: €-152k
2019: €-98k
2020: €-65k
2021: €160k
2022: €133k
2023: €94k
2024: €-20k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€223k-€221k▼ 0.9%€202k▼ 8.8%€117k▼ 41.9%€156k▲ 33.0%
Operating result€110k-€95k▼ 13.4%€80k▼ 16.1%€56k▼ 29.2%€87k▲ 53.5%
Net result€71k-€70k▼ 1.6%€59k▼ 15.7%€40k▼ 32.1%€65k▲ 62.4%
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 53% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €362k
Fixed assets
€291k ▼ 4.5%
Current assets
€71k ▼ 50.5%
Equity and liabilities €362k
Equity
€156k ▲ 33.0%
Debt
€206k ▼ 37.7%
Debt's share of the balance-sheet total falls from 73.9% to 56.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€106k▲
2024 · €82k
Cash flow
€85k▲
2024 · €65k
Current ratio
1.31▲
2024 · 0.88
Debt to equity
1.32▼
2024 · 2.83
ROE
41.7%▲
2024 · 34.2%
ROA
18.0%▲
2024 · 8.9%
Interest coverage
15.60▲
2024 · 14.51
Debt ≤ 1 year
€54k▼
2024 · €164k
Debt > 1 year
€152k▼
2024 · €167k
Income taxes
€15k▲
2024 · €12k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€448k€362k▼
Fixed assets21/28€305k€291k▼
Tangible fixed assets22/27€304k€291k▼
Land and buildings22€277k€262k▼
Plant, machinery and equipment23€16k€14k▼
Furniture and vehicles24€11k€9k▼
Other tangible fixed assets26-€6k
Financial fixed assets28€600-
Current assets29/58€144k€71k▼
Amounts receivable after more than one year29-€6k
Other amounts receivable291-€6k
Amounts receivable within one year40/41€7k€4k▼
Trade receivables40€3k€3k=
Other amounts receivable41€4k€1k▼
Cash at bank and in hand54/58€135k€58k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€448k€362k▼
Equity10/15€117k€156k▲
Contributions10/11€100€100=
Reserves13€117k€156k▲
Distributable reserves133€117k€156k▲
Amounts payable17/49€331k€206k▼
Amounts payable after more than one year17€167k€152k▼
Financial debts170/4€166k€151k▼
Other amounts payable178/9€845€845=
Amounts payable within one year42/48€164k€54k▼
Current portion of amounts payable after more than one year42€19k€16k▼
Trade debts44€12k€9k▼
Suppliers440/4€12k€9k▼
Taxes, remuneration and social security45€3k€3k=
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€130k€25k▼
Accrued charges and deferred income492/3€383-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€19k▼
Other operating charges640/8€5k€1k▼
Gross operating margin9900€86k€107k▲
Operating profit (loss)9901€56k€87k▲
Financial income75/76B€1k€438▼
Recurring financial income75€1k€438▼
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€52k€80k▲
Income taxes67/77€12k€15k▲
Profit (loss) for the period9904€40k€65k▲
Profit (loss) for the period to be appropriated9905€40k€65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€40k€65k▲
Transfer from equity791/2€85k-
Transfer to equity691/2-€58
To other reserves6921-€58
Profit to be distributed694/7€125k€65k▼
Return on contributions (dividend)694€125k€65k▼
The notes to these accounts (7 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150kEq €156k ▲33%
8 profitable years in a row build equity to €156k.
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 2.29
Current ratio from 0.68 to 2.29; short-term debt falls from €203k to €123k.
31-12
Financial
Equity above €200kEq €223k ▲46.7%
4 profitable years in a row build equity to €223k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Equity above €150kEq €152k ▲43.3%
3 profitable years in a row build equity to €152k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Highest result since 2018net €86k ▲2733%
Operating result €112k, net result €86k, both a record.
Show earlier events
31-12
Financial
Equity above €100kEq €106k ▲395%
2 profitable years in a row build equity to €106k.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
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.
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, Bornem · 1 establishment unit since 2015
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.
Weertstraat(MAR) 492880 BornemGround area
1,217 m²
Building footprint
121 m²
Parcel 12024A0191/00G002, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
Devlin Management
since 20152.242.141.934
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12024A0191/00G002 | Flanders | 1,217 m² | 1 · 121 m² | 0.1 m |
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.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,052 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
Founded11-05-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46712Wholesale trade
47812Retail trade
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
46180Agents specialised in the wholesale of other particular products
46649Wholesale of other machinery and equipment
49410Freight transport by road
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
77110Renting and leasing of cars and light motor vehicles
77120Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.