Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
DEVAN CHEMICALS from Ronse, company number BE0417485228, closed financial year 2025 with a result of € -110,993 after tax. For that financial year DEVAN CHEMICALS recorded revenue of € 10.7 million and equity of € 3.8 million. Compared with financial year 2024, the result moved from € -822,391 to € -110,993. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.
€ 3.8 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -110,993
▲ 87 % less loss than in 2024
Profit after tax over the fiscal year.
€ 489,555
▼ 52% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3.4 million.
People and assets in 2025
16.4
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.5 million
▲ 3% vs 2024
€ 88,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 15,436
▲ 52% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 125,038
▼ 68% vs 2024
Loans from banks and other lenders, long and short.
€ 3.1 million
▲ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 120 days on average.
€ 279,378
▼ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 11,650,156 | € 9,747,145 | € 9,917,423 | € 10,703,507 | ▲ 8% |
| Profit after taxes | € -11,780 | € -471,913 | € -822,391 | € -110,993 | ▲ € 711,398 |
| Equity | € 5,214,365 | € 4,731,355 | € 3,897,893 | € 3,775,828 | ▼ 3% |
| Total debts | € 4,231,730 | € 3,589,715 | € 3,868,096 | € 3,771,756 | ▼ 2% |
| Cash | € 1,666,488 | € 893,428 | € 1,027,429 | € 489,555 | ▼ 52% |
| Land & buildings | € 2,327,990 | € 2,167,984 | € 2,007,257 | € 1,846,992 | ▼ 8% |
| Retained profit | € 4,849,528 | € 4,377,615 | € 3,555,224 | € 3,444,231 | ▼ 3% |
| Dividend | € 1,400,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 950,741 | € 671,686 | € 392,316 | € 125,038 | ▼ 68% |
| Balance sheet total | € 9,684,756 | € 8,587,479 | € 8,004,548 | € 7,781,960 | ▼ 3% |
| Employees (FTE) | 17.7 | 17.4 | 16.9 | 16.4 | ▼ 0.5 |
Key figures of DEVAN CHEMICALS, 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 DEVAN CHEMICALS?
What happened at DEVAN CHEMICALS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Serdar Gunduz stepped down as director. NBB
- Bernd Schalk stepped down as director. NBB
- Julian Alexander Nicolaus Sachs stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 110,993. Source: NBB ↗
- Bernd Schalk became a director. NBB
- Serdar Gunduz became a director. NBB
- Julian Alexander Nicolaus Sachs became a director. NBB
- New establishment in Ronse. KBO
In short
From € 11,780 loss in 2022 to € 110,993 loss in 2025.
Paid € 14,106 in corporate taxes since 2022.
Paid out € 1.4 million in dividends to the owners in total.
Pays suppliers within 120 days on average.
Management
The shares are held by Devan International Group NV (100%). It owns 100% of DEVAN - PPT CHEMICALS LTD and 100% of DEVAN NORTH AMERICA LLC itself.
Directors
According to the 2025 annual accounts
Serdar Gunduz
Director
since 2022 · until 2028
Bernd Schalk
Director
since 2024 · until 2028
since 2022 · until 2028
Shareholders
Participations
DEVAN - PPT CHEMICALS LTD
100%
DEVAN NORTH AMERICA LLC
100%
Establishments
Establishment units
Physical locations of this company
Klein Frankrijkstraat 8
9600 Ronse
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0417.485.228
- VAT number
- BE 0417.485.228
- Registered office
- Klein Frankrijkstraat 8, 9600 Ronse
- Names & denominations
- DEVAN CHEMICALS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 September 1977
- Peppol
- Active · Active since 12 May 2025
- Contact
- +32 55 23 01 10
- Activities · NACE
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