DEVOTA
ActiveSummary
DEVOTA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18k and a net result of €-2k. Equity is shrinking by ~10.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability56▲+51
Solvency80▼-1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.02 in 2024; short-term debt: 39.9% and cash: 0% of total assets), and 45.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.6%
Return on assets
-4.9%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-2k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-12-2025, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
47 d early
2024
35 d early
2023
7 d early
2022
32 d early
2021
46 d early
2020
2 d early
2019
31 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 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
2023 · €0
2019: €0highest value
2023: €0highest value
2025: €0highest value
2019 → 2025
Total assets
€32k▼ 5.8%
2024 · €34k
2019: €51khighest in 7 years
2020: €48k▼ -6.4% vs 2019
2021: €45k▼ -6.9% vs 2020
2022: €42k▼ -5.7% vs 2021
2023: €37k▼ -10.9% vs 2022
2024: €34k▼ -8.3% vs 2023
2025: €32k▼ -5.8% vs 2024lowest in 7 years
2019 → 2025
Net result
€-2k▲ 58.1%
2024 · €-4k
2019: €-2k
2020: €-3k▼ -10.0% vs 2019
2021: €-3k▼ -16.9% vs 2020
2022: €-2k▲ +47.0% vs 2021
2023: €-3k▼ -99.6% vs 2022
2024: €-4k▼ -15.6% vs 2023lowest in 7 years
2025: €-2k▲ +58.1% vs 2024highest in 7 years
2019 → 2025
Working capital
€-13k▲ 2.0%
2024 · €-13k
2019: €-15klowest in 7 years
2020: €-14k▲ +3.2% vs 2019
2021: €-14k▲ +0.2% vs 2020
2022: €-13k▲ +11.4% vs 2021
2023: €-12k▲ +2.9% vs 2022highest in 7 years
2024: €-13k▼ -6.9% vs 2023
2025: €-13k▲ +2.0% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0€0
2023: €0
2025: €0
Equity€28k-€26k▼ 5.9%€23k▼ 12.4%€19k▼ 16.4%€18k▼ 8.2%
2021: €28khighest in 5 years
2022: €26k▼ -5.9% vs 2021
2023: €23k▼ -12.4% vs 2022
2024: €19k▼ -16.4% vs 2023
2025: €18k▼ -8.2% vs 2024lowest in 5 years
Operating result€-3k-€-2k▲ 47.6%€-3k▼ 102%€-4k▼ 15.7%€-2k▲ 58.8%
2021: €-3k
2022: €-2k▲ +47.6% vs 2021
2023: €-3k▼ -102% vs 2022
2024: €-4k▼ -15.7% vs 2023lowest in 5 years
2025: €-2k▲ +58.8% vs 2024highest in 5 years
Net result€-3k-€-2k▲ 47.0%€-3k▼ 99.6%€-4k▼ 15.6%€-2k▲ 58.1%
2021: €-3k
2022: €-2k▲ +47.0% vs 2021
2023: €-3k▼ -99.6% vs 2022
2024: €-4k▼ -15.6% vs 2023lowest in 5 years
2025: €-2k▲ +58.1% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €4k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32k
Fixed assets
€32k ▼ 5.2%
Current assets
€5 ▼ 97.5%
Equity and liabilities €32k
Equity
€18k ▼ 8.2%
Debt
€15k ▼ 2.6%
Debt's share of the balance-sheet total rises from 44.0% to 45.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€235▲
2024 · €-437
Cash flow
€190▲
2024 · €-486
Current ratio
0.00▼
2024 · 0.02
Debt to equity
0.83▲
2024 · 0.78
ROE
-9.0%▲
2024 · -19.7%
ROA
-4.9%▲
2024 · -11.0%
Interest coverage
5.22▲
2024 · -8.97
Debt ≤ 1 year
€13k▼
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 · 32 lines
Balance sheet
Code20242025
Assets
Total assets20/58€34k€32k▼
Fixed assets21/28€34k€32k▼
Tangible fixed assets22/27€34k€32k▼
Land and buildings22€34k€32k▼
Current assets29/58€213€5▼
Cash at bank and in hand54/58€19€5▼
Deferred charges and accrued income490/1€194€0▼
Equity and liabilities
Total equity and liabilities10/49€34k€32k▼
Equity10/15€19k€18k▼
Contributions10/11€74k€74k=
Capital10€74k€74k=
Issued capital100€74k€74k=
Profit (loss) carried forward14€-55k€-57k▼
Amounts payable17/49€15k€15k▼
Amounts payable within one year42/48€13k€13k▼
Trade debts44€1k€1k▼
Suppliers440/4€1k€1k▼
Other amounts payable47/48€12k€12k▼
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Turnover70-€0
Goods, raw materials, services and sundry goods60/61-€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€864€2k▲
Operating profit (loss)9901€-4k€-2k▲
Financial charges65/66B€49€45▼
Recurring financial charges65€49€45▼
Profit (loss) for the period before taxes9903€-4k€-2k▲
Profit (loss) for the period9904€-4k€-2k▲
Profit (loss) for the period to be appropriated9905€-4k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-55k€-57k▼
Profit (loss) brought forward from the previous period14P€-51k€-55k▼
The notes to these accounts (6 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €0 | - | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €0 | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | €3k | €2k | ▼ 46.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0 | - | - | - |
| Other operating charges640/8 | - | €1k | €1k | €1k | €1k | ▲ 7.7% |
| Gross operating margin9900 | €1k | €3k | €1k | €864 | €2k | ▲ 89.4% |
| Operating profit (loss)9901 | €-3k | €-2k | €-3k | €-4k | €-2k | ▲ 58.8% |
| Financial charges65/66B | - | €45 | €45 | €49 | €45 | ▼ 7.7% |
| Recurring financial charges65 | €55 | €45 | €45 | €49 | €45 | ▼ 7.7% |
| Profit (loss) for the period before taxes9903 | €-3k | €-2k | €-3k | €-4k | €-2k | ▲ 58.1% |
| Profit (loss) for the period9904 | €-3k | €-2k | €-3k | €-4k | €-2k | ▲ 58.1% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €-2k | €-3k | €-4k | €-2k | ▲ 58.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45k | €42k | €37k | €34k | €32k | ▼ 5.8% |
| Fixed assets21/28 | €44k | €41k | €37k | €34k | €32k | ▼ 5.2% |
| Tangible fixed assets22/27 | €44k | €41k | €37k | €34k | €32k | ▼ 5.2% |
| Land and buildings22 | - | €41k | €37k | €34k | €32k | ▼ 5.2% |
| Current assets29/58 | €562 | €1k | €13 | €213 | €5 | ▼ 97.5% |
| Amounts receivable within one year40/41 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €7 | €720 | €13 | €19 | €5 | ▼ 72.1% |
| Deferred charges and accrued income490/1 | - | €594 | €0 | €194 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45k | €42k | €37k | €34k | €32k | ▼ 5.8% |
| Equity10/15 | €28k | €26k | €23k | €19k | €18k | ▼ 8.2% |
| Contributions10/11 | €74k | €74k | €74k | €74k | €74k | = |
| Capital10 | - | €74k | €74k | €74k | €74k | = |
| Issued capital100 | - | €74k | €74k | €74k | €74k | = |
| Profit (loss) carried forward14 | €-46k | €-48k | €-51k | €-55k | €-57k | ▼ 2.9% |
| Amounts payable17/49 | €17k | €16k | €14k | €15k | €15k | ▼ 2.6% |
| Amounts payable within one year42/48 | €15k | €14k | €12k | €13k | €13k | ▼ 3.5% |
| Trade debts44 | €2k | €2k | €2k | €1k | €1k | ▼ 17.1% |
| Suppliers440/4 | - | €2k | €2k | €1k | €1k | ▼ 17.1% |
| Taxes, remuneration and social security45 | - | €1k | €0 | - | - | - |
| Taxes450/3 | - | €1k | €0 | - | - | - |
| Other amounts payable47/48 | - | €11k | €10k | €12k | €12k | ▼ 1.8% |
| Accrued charges and deferred income492/3 | - | €2k | €2k | €2k | €2k | ▲ 4.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-2k | €-3k | €-4k | €-2k | ▲ 58.1% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | €3k | €2k | ▼ 46.2% |
| Operating cash flow (approximation) | €203 | €2k | €26 | €-486 | €190 | ▲ 139% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €714 | €-707 | €6 | €-14 | ▼ 321% |
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
2025
15-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
27-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
23-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Brussel · 1 establishment unit since 1993
Ground area
1,116 m²
Parcel 21805E0159/00G000, Brussels. Linked by address, not a title deed.
56
companies at this address
See who is registered here
1 establishment unit
DEVOTA
since 19932.051.786.857
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0159/00G000 | Brussels | 1,116 m² | - | - |
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.
Identification & contact
Identification
Legal formPublic limited company
Founded19-06-1990
Fiscal year end30-06
Scores and ratios are computed by Checked and are not a credit decision.