Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 3.6 to 2.
Financials
Financial year 2025
DEVOS VERMEULEN from Ingelmunster, company number BE0448031815, closed financial year 2025 with a result of € -23,408 after tax. For that financial year DEVOS VERMEULEN recorded a gross margin of € 190,028 and equity of € 79,354. Compared with financial year 2024, the result moved from € -10,486 to € -23,408. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 3, 2026.
€ 79,354
▼ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -23,408
▼ 123 % more loss than in 2024
Profit after tax over the fiscal year.
€ 20,802
▲ 142% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -163,646.
People and assets in 2025
2
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 121,454
▼ 23% vs 2024
€ 60,700 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.
€ 21,401
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 705,046
▲ 26% vs 2024
€ 69,297 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 62,903
▼ 50% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 48,773
▼ 42% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 307,590 | € 256,332 | € 237,638 | € 190,028 | ▼ 20% |
| Profit after taxes | € -79,072 | € -65,475 | € -10,486 | € -23,408 | ▼ € 12,921 |
| Equity | € 178,723 | € 113,248 | € 102,762 | € 79,354 | ▼ 23% |
| Total debts | € 879,301 | € 912,118 | € 771,014 | € 816,721 | ▲ 6% |
| Cash | € 20,014 | € 1,705 | € 8,601 | € 20,802 | ▲ 142% |
| Retained profit | € -64,277 | € -129,752 | € -140,238 | € -163,646 | ▼ € 23,408 |
| Bank debt | € 660,239 | € 690,668 | € 560,601 | € 705,046 | ▲ 26% |
| Balance sheet total | € 1,058,024 | € 1,025,367 | € 873,776 | € 896,075 | ▲ 3% |
| Employees (FTE) | 5.6 | 3.6 | 3 | 2 | ▼ 1 |
Key figures of DEVOS VERMEULEN, 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 DEVOS VERMEULEN?
What happened at DEVOS VERMEULEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 23,408. Source: NBB ↗
- Matilo BV stepped down as director. NBB
- Sofie Landuyt stepped down as director. NBB
- Matilo BV became a director. NBB
- Sofie Landuyt became a director. NBB
- New establishment in Ingelmunster. KBO
- Start of the company according to the CBE. KBO
In short
From € 79,072 loss in 2022 to € 23,408 loss in 2025.
Paid € 2,052 in corporate taxes since 2022.
On average € 95,000 of value added per employee in 2025.
Management
The stake of MATILO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
DEVOS VERMEULENThe shares are held by MATILO (100%).
Establishments
Establishment units
Physical locations of this company
Bruggestraat 252
8770 Ingelmunster
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
- 0448.031.815
- VAT number
- BE 0448.031.815
- Registered office
- Bruggestraat 252, 8770 Ingelmunster
- Names & denominations
- DEVOS VERMEULEN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 August 1992
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- [email protected]
- Activities · NACE
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