Devo Deco
ActiveSummary
The computed 12-month bankruptcy probability of Devo Deco is 2.2% (moderate). The 2025 annual accounts show equity of €59k and a net result of €8k. Equity is growing by ~98.2% per year across the filed fiscal years. Its solvency ranks better than 36% of 195 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-22
Solvency57▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.99 against 0.76 in 2024; short-term debt: 53.1% and cash: 41.5% of total assets), and 68% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 27
Relative position
BE, all sectors
reference
Manufacture of electrical equipment (NACE 27)
about 104% 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
32%
Return on assets
4.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 5 filingsDeviation from the deadline
2025
30 d late
2024
30 d late
2023
23 d late
2022
61 d late
2021
60 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€59k▲ 15.8%
2024 · €51k
2021: €6k
2022: €4k▼ -27.4% vs 2021lowest in 5 years
2023: €20k▲ +386% vs 2022
2024: €51k▲ +159% vs 2023
2025: €59k▲ +15.8% vs 2024highest in 5 years
2021 → 2025
Total assets
€185k▲ 30.0%
2024 · €142k
2021: €9klowest in 5 years
2022: €9k▲ +2.1% vs 2021
2023: €60k▲ +550% vs 2022
2024: €142k▲ +137% vs 2023
2025: €185k▲ +30.0% vs 2024highest in 5 years
2021 → 2025
Net result
€8k▼ 74.3%
2024 · €31k
2021: €-6klowest in 5 years
2022: €-2k▲ +72.8% vs 2021
2023: €16k▲ +1122% vs 2022
2024: €31k▲ +100% vs 2023highest in 5 years
2025: €8k▼ -74.3% vs 2024
2021 → 2025
Working capital
€-1k▲ 87.7%
2024 · €-11k
2021: €-1k
2022: €2k▲ +271% vs 2021highest in 5 years
2023: €-17k▼ -846% vs 2022lowest in 5 years
2024: €-11k▲ +34.8% vs 2023
2025: €-1k▲ +87.7% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6k-€4k▼ 27.4%€20k▲ 386%€51k▲ 159%€59k▲ 15.8%
2021: €6k
2022: €4k▼ -27.4% vs 2021lowest in 5 years
2023: €20k▲ +386% vs 2022
2024: €51k▲ +159% vs 2023
2025: €59k▲ +15.8% vs 2024highest in 5 years
Operating result€-6k-€-1k▲ 76.1%€19k€47k▲ 141%€17k▼ 63.4%
2021: €-6klowest in 5 years
2022: €-1k▲ +76.1% vs 2021
2023: €19k▲ +1536% vs 2022
2024: €47k▲ +141% vs 2023highest in 5 years
2025: €17k▼ -63.4% vs 2024
Net result€-6k-€-2k▲ 72.8%€16k€31k▲ 100%€8k▼ 74.3%
2021: €-6klowest in 5 years
2022: €-2k▲ +72.8% vs 2021
2023: €16k▲ +1122% vs 2022
2024: €31k▲ +100% vs 2023highest in 5 years
2025: €8k▼ -74.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 63% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €185k
Fixed assets
€88k ▼ 16.7%
Current assets
€97k ▲ 165%
Equity and liabilities €185k
Equity
€59k ▲ 15.8%
Debt
€126k ▲ 37.9%
Debt's share of the balance-sheet total rises from 64.1% to 68.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€45k▼
2024 · €62k
Cash flow
€36k▼
2024 · €47k
Current ratio
0.99▲
2024 · 0.76
Quick ratio
0.96▲
2024 · 0.72
Debt to equity
2.13▲
2024 · 1.78
ROE
13.6%▼
2024 · 61.4%
ROA
4.4%▼
2024 · 22.1%
Interest coverage
7.72▼
2024 · 21.40
Debt ≤ 1 year
€98k▲
2024 · €48k
Debt > 1 year
€28k▼
2024 · €43k
Income taxes
€5k▼
2024 · €13k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€142k€185k▲
Fixed assets21/28€106k€88k▼
Tangible fixed assets22/27€106k€88k▼
Plant, machinery and equipment23€15k€17k▲
Furniture and vehicles24€90k€71k▼
Current assets29/58€36k€97k▲
Stocks and contracts in progress3€2k€3k▲
Stocks30/36€2k€3k▲
Amounts receivable within one year40/41€13k€17k▲
Trade receivables40€13k€17k▲
Other amounts receivable41€635-
Cash at bank and in hand54/58€21k€77k▲
Equity and liabilities
Total equity and liabilities10/49€142k€185k▲
Equity10/15€51k€59k▲
Contributions10/11€11k€11k=
Reserves13€30k€38k▲
Distributable reserves133€30k€38k▲
Profit (loss) carried forward14€10k€10k=
Amounts payable17/49€91k€126k▲
Amounts payable after more than one year17€43k€28k▼
Financial debts170/4€43k€28k▼
Amounts payable within one year42/48€48k€98k▲
Financial debts43€15k€16k▲
Credit institutions430/8€15k€16k▲
Trade debts44€8k€32k▲
Suppliers440/4€8k€32k▲
Taxes, remuneration and social security45€16k€20k▲
Taxes450/3€16k€20k▲
Other amounts payable47/48€9k€31k▲
Income statement
Code20242025
Non-recurring operating income76A-€213
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€28k▲
Other operating charges640/8€822€1k▲
Gross operating margin9900€63k€47k▼
Operating profit (loss)9901€47k€17k▼
Financial income75/76B€532€2k▲
Recurring financial income75€532€2k▲
Financial charges65/66B€3k€6k▲
Recurring financial charges65€3k€6k▲
Profit (loss) for the period before taxes9903€44k€13k▼
Income taxes67/77€13k€5k▼
Profit (loss) for the period9904€31k€8k▼
Profit (loss) for the period to be appropriated9905€31k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€18k▼
Profit (loss) brought forward from the previous period14P€8k€10k▲
Transfer to equity691/2€30k€8k▼
To other reserves6921€30k€8k▼
The notes to these accounts (8 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 | - | €336 | - | - | €213 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €571 | €4k | €15k | €28k | ▲ 83.5% |
| Other operating charges640/8 | €806 | €117 | €902 | €822 | €1k | ▲ 66.8% |
| Gross operating margin9900 | €-3k | €-664 | €24k | €63k | €47k | ▼ 26.0% |
| Operating profit (loss)9901 | €-6k | €-1k | €19k | €47k | €17k | ▼ 63.4% |
| Financial income75/76B | €106 | - | €71 | €532 | €2k | ▲ 290% |
| Recurring financial income75 | €106 | - | €71 | €532 | €2k | ▲ 290% |
| Financial charges65/66B | €63 | €178 | €2k | €3k | €6k | ▲ 102% |
| Recurring financial charges65 | €63 | €178 | €2k | €3k | €6k | ▲ 102% |
| Profit (loss) for the period before taxes9903 | €-6k | €-2k | €18k | €44k | €13k | ▼ 70.0% |
| Income taxes67/77 | - | - | €2k | €13k | €5k | ▼ 59.7% |
| Profit (loss) for the period9904 | €-6k | €-2k | €16k | €31k | €8k | ▼ 74.3% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €-2k | €16k | €31k | €8k | ▼ 74.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9k | €9k | €60k | €142k | €185k | ▲ 30.0% |
| Fixed assets21/28 | €7k | €2k | €39k | €106k | €88k | ▼ 16.7% |
| Tangible fixed assets22/27 | €7k | €2k | €39k | €106k | €88k | ▼ 16.7% |
| Plant, machinery and equipment23 | €7k | €2k | €19k | €15k | €17k | ▲ 10.2% |
| Furniture and vehicles24 | - | - | €21k | €90k | €71k | ▼ 21.2% |
| Current assets29/58 | €2k | €8k | €21k | €36k | €97k | ▲ 165% |
| Stocks and contracts in progress3 | - | - | €3k | €2k | €3k | ▲ 16.5% |
| Stocks30/36 | - | - | €3k | €2k | €3k | ▲ 16.5% |
| Amounts receivable within one year40/41 | - | - | €2k | €13k | €17k | ▲ 29.2% |
| Trade receivables40 | - | - | €728 | €13k | €17k | ▲ 35.6% |
| Other amounts receivable41 | - | - | €1k | €635 | - | - |
| Cash at bank and in hand54/58 | €2k | €8k | €16k | €21k | €77k | ▲ 269% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9k | €9k | €60k | €142k | €185k | ▲ 30.0% |
| Equity10/15 | €6k | €4k | €20k | €51k | €59k | ▲ 15.8% |
| Contributions10/11 | €11k | €11k | €11k | €11k | €11k | = |
| Reserves13 | - | - | - | €30k | €38k | ▲ 26.8% |
| Distributable reserves133 | - | - | - | €30k | €38k | ▲ 26.8% |
| Profit (loss) carried forward14 | €-6k | €-7k | €8k | €10k | €10k | = |
| Amounts payable17/49 | €3k | €5k | €40k | €91k | €126k | ▲ 37.9% |
| Amounts payable after more than one year17 | - | - | - | €43k | €28k | ▼ 36.2% |
| Financial debts170/4 | - | - | - | €43k | €28k | ▼ 36.2% |
| Amounts payable within one year42/48 | €3k | €5k | €38k | €48k | €98k | ▲ 105% |
| Financial debts43 | - | - | - | €15k | €16k | ▲ 4.0% |
| Credit institutions430/8 | - | - | - | €15k | €16k | ▲ 4.0% |
| Trade debts44 | €459 | €1k | €9k | €8k | €32k | ▲ 285% |
| Suppliers440/4 | €459 | €1k | €9k | €8k | €32k | ▲ 285% |
| Taxes, remuneration and social security45 | - | €1k | €2k | €16k | €20k | ▲ 25.3% |
| Taxes450/3 | - | €1k | €2k | €16k | €20k | ▲ 25.3% |
| Other amounts payable47/48 | €3k | €3k | €26k | €9k | €31k | ▲ 254% |
| Accrued charges and deferred income492/3 | - | - | €2k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €-2k | €16k | €31k | €8k | ▼ 74.3% |
| + Depreciation and write-downs630 | €2k | €571 | €4k | €15k | €28k | ▲ 83.5% |
| Operating cash flow (approximation) | €-4k | €-959 | €20k | €47k | €36k | ▼ 22.5% |
| Investment in fixed assets (approximation) | - | €5k | €-41k | €-82k | €-10k | ▲ 87.2% |
| Change in cash | - | €5k | €8k | €5k | €56k | ▲ 1,015% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Highest result since 2021net €31k ▲100%
Operating result €47k, net result €31k, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 1.45
Current ratio from 0.60 to 1.45.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
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, Zwevegem · 1 establishment unit since 2020
Ground area
1,340 m²
Building footprint
355 m²
Volume, LiDAR
1,620 m³
2 parcels, Flanders · tallest building 10.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BATTERY RECOVERY
since 20202.311.126.849
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34028A0759/00N000 | Flanders | 935 m² | 1 · 206 m² | 6.6 m · 1 fl. |
| 34028B0136/00L000 | Flanders | 406 m² | 1 · 149 m² | 10.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 254 EUR awarded · 254 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 254 EUR | 254 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
1 categoryDevo Deco BV46401
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Of 46 companies in sector 27200 we hold annual accounts for 28. 15 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
Founded18-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
27200Manufacture of electrical equipment
43341Painting of buildings
33120Repair and maintenance of machinery
33170Repair, maintenance and installation of machinery and equipment
Scores and ratios are computed by Checked and are not a credit decision.