Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 43 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
DEVECO from Knokke-Heist, company number BE0406920641, closed financial year 2025 with a result of € 12,575 after tax. For that financial year DEVECO recorded a gross margin of € 46,144 and equity of € 95,318. Compared with financial year 2024, the result moved from € 12,227 to € 12,575. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 19, 2026.
€ 95,318
▲ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,575
▲ 3% vs 2024
Profit after tax over the fiscal year.
€ 41,576
▲ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 76,318.
Debts at end 2025
€ 90,328
▼ 17% vs 2024
€ 20,110 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 110
▲ 102% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,815
▼ 61% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 38,534 | € 38,483 | € 46,951 | € 46,144 | ▼ 2% |
| Profit after taxes | € 8,866 | € 7,709 | € 12,227 | € 12,575 | ▲ 3% |
| Equity | € 62,807 | € 70,516 | € 82,743 | € 95,318 | ▲ 15% |
| Total debts | € 189,496 | € 194,446 | € 183,966 | € 166,651 | ▼ 9% |
| Cash | € 9,290 | € 29,234 | € 39,220 | € 41,576 | ▲ 6% |
| Land & buildings | € 240,696 | € 233,473 | € 226,249 | € 219,025 | ▼ 3% |
| Retained profit | € 43,807 | € 51,516 | € 63,743 | € 76,318 | ▲ 20% |
| Bank debt | € 143,872 | € 127,088 | € 109,262 | € 90,328 | ▼ 17% |
| Balance sheet total | € 252,304 | € 264,962 | € 266,709 | € 261,969 | ▼ 2% |
Key figures of DEVECO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to DEVECO?
What happened at DEVECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 12,575 (▲ 3% vs 2024). Source: NBB ↗
- Tom Mitchell became a director. NBB
- Sophie De Cuyper became a director. NBB
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,866 profit in 2022 to € 12,575 profit in 2025.
Paid € 20,130 in corporate taxes since 2022.
Best year ever: 2025, with € 12,575 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind DEVECO are Tom Mitchell and Sophie De Cuyper.
Directors
According to the 2025 annual accounts
Tom Mitchell
Director
since 2023
Sophie De Cuyper
Director
since 2015
Establishments
Establishment units
Physical locations of this company
Polderstraat 2 box 52
8301 Knokke-Heist
De Wielingen 1 box 12
8300 Knokke-Heist
Active since 1 January 1970
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0406.920.641
- VAT number
- BE 0406.920.641
- Registered office
- Polderstraat 2 bus 52, 8301 Knokke-Heist
- Names & denominations
- DEVECO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 December 1969
- Peppol
- Active · Active since 23 Jul 2024