KOEN DEVOS
ActiveSummary
KOEN DEVOS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.11M and a net result of €406k. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 89% of 3307 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k at 30 days acceptable
Liquidity ample (current ratio 10.41 against 10.32 in 2024; short-term debt: 7.5% and cash: 17.9% of total assets), and 11% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← 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
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
89%
Return on assets
11.6%
Age of the figures
15 mo
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 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
13 d late
2023
23 d early
2022
on the day
2021
on the day
2020
3 d early
2019
12 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 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, abbreviated schema
Equity
€3.11M▲ 15.0%
2024 · €2.71M
2019: €1.10Mlowest in 7 years
2020: €1.39M▲ +25.5% vs 2019
2021: €1.88M▲ +35.2% vs 2020
2022: €2.02M▲ +7.9% vs 2021
2023: €2.54M▲ +25.7% vs 2022
2024: €2.71M▲ +6.3% vs 2023
2025: €3.11M▲ +15.0% vs 2024highest in 7 years
2019 → 2025
Total assets
€3.50M▲ 14.5%
2024 · €3.05M
2019: €1.53Mlowest in 7 years
2020: €1.67M▲ +9.3% vs 2019
2021: €2.15M▲ +28.4% vs 2020
2022: €2.31M▲ +7.8% vs 2021
2023: €2.74M▲ +18.5% vs 2022
2024: €3.05M▲ +11.4% vs 2023
2025: €3.50M▲ +14.5% vs 2024highest in 7 years
2019 → 2025
Net result
€406k▼ 18.1%
2024 · €495k
2019: €167klowest in 7 years
2020: €282k▲ +69.2% vs 2019
2021: €489k▲ +73.1% vs 2020
2022: €434k▼ -11.2% vs 2021
2023: €521k▲ +20.1% vs 2022highest in 7 years
2024: €495k▼ -4.9% vs 2023
2025: €406k▼ -18.1% vs 2024
2019 → 2025
Working capital
€2.47M▲ 17.7%
2024 · €2.10M
2019: €708klowest in 7 years
2020: €930k▲ +31.4% vs 2019
2021: €1.38M▲ +48.2% vs 2020
2022: €1.50M▲ +9.1% vs 2021
2023: €1.93M▲ +28.3% vs 2022
2024: €2.10M▲ +9.1% vs 2023
2025: €2.47M▲ +17.7% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.88M-€2.02M▲ 7.9%€2.54M▲ 25.7%€2.71M▲ 6.3%€3.11M▲ 15.0%
2021: €1.88Mlowest in 5 years
2022: €2.02M▲ +7.9% vs 2021
2023: €2.54M▲ +25.7% vs 2022
2024: €2.71M▲ +6.3% vs 2023
2025: €3.11M▲ +15.0% vs 2024highest in 5 years
Operating result€714k-€638k▼ 10.6%€751k▲ 17.7%€701k▼ 6.6%€610k▼ 13.0%
2021: €714k
2022: €638k▼ -10.6% vs 2021
2023: €751k▲ +17.7% vs 2022highest in 5 years
2024: €701k▼ -6.6% vs 2023
2025: €610k▼ -13.0% vs 2024lowest in 5 years
Net result€489k-€434k▼ 11.2%€521k▲ 20.1%€495k▼ 4.9%€406k▼ 18.1%
2021: €489k
2022: €434k▼ -11.2% vs 2021
2023: €521k▲ +20.1% vs 2022highest in 5 years
2024: €495k▼ -4.9% vs 2023
2025: €406k▼ -18.1% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 13% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.50M
Fixed assets
€758k ▲ 4.5%
Current assets
€2.74M ▲ 17.6%
Equity and liabilities €3.50M
Equity
€3.11M ▲ 15.0%
Provisions
€122k ▼ 0.9%
Debt
€263k ▲ 16.6%
Debt's share of the balance-sheet total rises from 7.4% to 7.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€657k▼
2024 · €747k
Cash flow
€453k▼
2024 · €541k
Current ratio
10.41▲
2024 · 10.32
Debt to equity
0.08▲
2024 · 0.08
ROE
13.0%▼
2024 · 18.3%
ROA
11.6%▼
2024 · 16.2%
Interest coverage
546.59▼
2024 · 1245.20
Debt ≤ 1 year
€263k▲
2024 · €226k
Income taxes
€230k▼
2024 · €231k
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.05M€3.50M▲
Fixed assets21/28€726k€758k▲
Intangible fixed assets21€41k€41k=
Tangible fixed assets22/27€685k€672k▼
Land and buildings22€589k€592k▲
Furniture and vehicles24€95k€80k▼
Financial fixed assets28€44€45k▲
Current assets29/58€2.33M€2.74M▲
Amounts receivable within one year40/41€465k€573k▲
Trade receivables40€82k€27k▼
Other amounts receivable41€383k€546k▲
Current investments50/53-€1.50M
Cash at bank and in hand54/58€1.82M€626k▼
Deferred charges and accrued income490/1€47k€40k▼
Equity and liabilities
Total equity and liabilities10/49€3.05M€3.50M▲
Equity10/15€2.71M€3.11M▲
Contributions10/11€251k€251k=
Reserves13€2.45M€2.86M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€40k€37k▼
Distributable reserves133€2.41M€2.82M▲
Profit (loss) carried forward14€381€381▲
Provisions and deferred taxes16€123k€122k▼
Provisions for liabilities and charges160/5€102k€102k=
Pensions and similar obligations160€102k€102k=
Deferred taxes168€20k€19k▼
Amounts payable17/49€226k€263k▲
Amounts payable within one year42/48€226k€263k▲
Trade debts44€128k€44k▼
Suppliers440/4€128k€44k▼
Taxes, remuneration and social security45€96k€217k▲
Taxes450/3€96k€217k▲
Other amounts payable47/48€2k€2k=
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€47k▲
Other operating charges640/8€11k€8k▼
Gross operating margin9900€757k€666k▼
Operating profit (loss)9901€701k€610k▼
Financial income75/76B€24k€25k▲
Recurring financial income75€24k€25k▲
Financial charges65/66B€600€1k▲
Recurring financial charges65€600€1k▲
Profit (loss) for the period before taxes9903€725k€634k▼
Transfer from deferred taxes780€1k€1k=
Income taxes67/77€231k€230k▼
Profit (loss) for the period9904€495k€406k▼
Transfer from tax-exempt reserves789€2k€2k=
Profit (loss) for the period to be appropriated9905€498k€408k▼
Appropriation of the result
Profit (loss) to be appropriated9906€498k€408k▼
Profit (loss) brought forward from the previous period14P€377€381▲
Transfer from equity791/2€334k€0▼
Transfer to equity691/2€498k€408k▼
To other reserves6921€498k€408k▼
Profit to be distributed694/7€334k€0▼
Return on contributions (dividend)694€334k€0▼
The notes to these accounts (13 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €23k | €34k | €45k | €47k | ▲ 3.5% |
| Other operating charges640/8 | - | €4k | €3k | €11k | €8k | ▼ 20.5% |
| Gross operating margin9900 | €742k | €664k | €788k | €757k | €666k | ▼ 12.1% |
| Operating profit (loss)9901 | €714k | €638k | €751k | €701k | €610k | ▼ 13.0% |
| Financial income75/76B | - | €0 | €9k | €24k | €25k | ▲ 3.2% |
| Recurring financial income75 | €1 | €0 | €9k | €24k | €25k | ▲ 3.2% |
| Financial charges65/66B | - | €4k | €1k | €600 | €1k | ▲ 101% |
| Recurring financial charges65 | €2k | €4k | €1k | €600 | €1k | ▲ 101% |
| Profit (loss) for the period before taxes9903 | €712k | €634k | €758k | €725k | €634k | ▼ 12.5% |
| Transfer from deferred taxes780 | - | €1k | €1k | €1k | €1k | = |
| Income taxes67/77 | €224k | €202k | €238k | €231k | €230k | ▼ 0.5% |
| Profit (loss) for the period9904 | €489k | €434k | €521k | €495k | €406k | ▼ 18.1% |
| Transfer from tax-exempt reserves789 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) for the period to be appropriated9905 | €491k | €436k | €523k | €498k | €408k | ▼ 18.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.15M | €2.31M | €2.74M | €3.05M | €3.50M | ▲ 14.5% |
| Fixed assets21/28 | €649k | €646k | €742k | €726k | €758k | ▲ 4.5% |
| Intangible fixed assets21 | €41k | €41k | €41k | €41k | €41k | = |
| Tangible fixed assets22/27 | €608k | €605k | €701k | €685k | €672k | ▼ 1.8% |
| Land and buildings22 | - | €602k | €583k | €589k | €592k | ▲ 0.4% |
| Furniture and vehicles24 | - | €3k | €118k | €95k | €80k | ▼ 15.8% |
| Financial fixed assets28 | €44 | €44 | €44 | €44 | €45k | ▲ 102,998% |
| Current assets29/58 | €1.50M | €1.67M | €2.00M | €2.33M | €2.74M | ▲ 17.6% |
| Amounts receivable within one year40/41 | €228k | €79k | €568k | €465k | €573k | ▲ 23.0% |
| Trade receivables40 | - | €79k | €32k | €82k | €27k | ▼ 67.4% |
| Other amounts receivable41 | - | €0 | €536k | €383k | €546k | ▲ 42.4% |
| Current investments50/53 | - | - | - | - | €1.50M | - |
| Cash at bank and in hand54/58 | €1.07M | €1.24M | €1.21M | €1.82M | €626k | ▼ 65.5% |
| Deferred charges and accrued income490/1 | - | €352k | €225k | €47k | €40k | ▼ 16.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.15M | €2.31M | €2.74M | €3.05M | €3.50M | ▲ 14.5% |
| Equity10/15 | €1.88M | €2.02M | €2.54M | €2.71M | €3.11M | ▲ 15.0% |
| Contributions10/11 | - | €251k | €251k | €251k | €251k | = |
| Reserves13 | €1.62M | €1.77M | €2.29M | €2.45M | €2.86M | ▲ 16.5% |
| Non-distributable reserves130/1 | - | €25k | €25k | €0 | - | - |
| Reserves not available under the articles1311 | - | €25k | €25k | €0 | - | - |
| Tax-exempt reserves132 | - | €44k | €42k | €40k | €37k | ▼ 5.6% |
| Distributable reserves133 | - | €1.70M | €2.23M | €2.41M | €2.82M | ▲ 16.9% |
| Profit (loss) carried forward14 | €1k | €319 | €377 | €381 | €381 | ▲ 0.2% |
| Provisions and deferred taxes16 | €126k | €125k | €124k | €123k | €122k | ▼ 0.9% |
| Provisions for liabilities and charges160/5 | - | €102k | €102k | €102k | €102k | = |
| Pensions and similar obligations160 | - | €102k | €102k | €102k | €102k | = |
| Deferred taxes168 | - | €23k | €22k | €20k | €19k | ▼ 5.6% |
| Amounts payable17/49 | €145k | €165k | €74k | €226k | €263k | ▲ 16.6% |
| Amounts payable after more than one year17 | €25k | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €120k | €165k | €73k | €226k | €263k | ▲ 16.6% |
| Current portion of amounts payable after more than one year42 | - | €25k | €0 | - | - | - |
| Trade debts44 | €20k | €15k | €14k | €128k | €44k | ▼ 65.4% |
| Suppliers440/4 | - | €15k | €14k | €128k | €44k | ▼ 65.4% |
| Taxes, remuneration and social security45 | - | €38k | €30k | €96k | €217k | ▲ 125% |
| Taxes450/3 | - | €27k | €30k | €96k | €217k | ▲ 125% |
| Remuneration and social security454/9 | - | €11k | €0 | - | - | - |
| Other amounts payable47/48 | - | €87k | €29k | €2k | €2k | = |
| Accrued charges and deferred income492/3 | - | - | €1k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €489k | €434k | €521k | €495k | €406k | ▼ 18.1% |
| + Depreciation and write-downs630 | €23k | €23k | €34k | €45k | €47k | ▲ 3.5% |
| Operating cash flow (approximation) | €512k | €456k | €554k | €541k | €453k | ▼ 16.3% |
| Investment in fixed assets (approximation) | - | €-20k | €-129k | €-29k | €-80k | ▼ 173% |
| Change in cash | - | €168k | €-28k | €608k | €-1.19M | ▼ 296% |
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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
13-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
08-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €521k ▲20.1%
Operating result €751k, net result €521k, both a record.
30-06
Financial
Liquidity triplescurrent ratio 27.51
Current ratio from 10.11 to 27.51; short-term debt falls from €165k to €73k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Equity above €2MEq €2.02M ▲7.9%
4 profitable years in a row build equity to €2.02M.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
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 6 acts read
About the unread acts
We know of 6 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
6 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 2003
Ground area
332 m²
Building footprint
97 m²
Volume, LiDAR
1,165 m³
Parcel 21818E0200/00S002, Brussels · tallest building 12.9 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KOEN DEVOS
since 20032.242.729.080
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818E0200/00S002 | Brussels | 332 m² | 1 · 97 m² | 12.9 m · 4 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.
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Of 22,056 companies in sector 69101 we hold annual accounts for 9,055. 1,953 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
Founded27-02-2003
Fiscal year end30-06
Activities, NACEBEL 2025
69101Activities of lawyers
Scores and ratios are computed by Checked and are not a credit decision.