Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 17 to 2.9.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
DEVGEN from Gent, company number BE0461432562, closed financial year 2025 with a result of € 2.9 million after tax. For that financial year DEVGEN recorded revenue of € 1.1 million and equity of € 128.3 million. Compared with financial year 2024, the result moved from € 4.6 million to € 2.9 million. The company is profitable. 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 July 20, 2026.
€ 128.3 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.9 million
▼ 36% vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -7.3 million.
People and assets in 2025
2.9
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 56% vs 2024
€ 379,900 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.
€ 22,929
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2.2 million
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 4453 days on average.
€ 407,332
▼ 75% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 6,316,735 | € 10,564,611 | € 944,193 | € 1,129,661 | ▲ 20% |
| Profit after taxes | € 239,066 | € 9,130,566 | € 4,574,578 | € 2,942,054 | ▼ 36% |
| Equity | € 111,674,724 | € 120,805,289 | € 125,379,867 | € 128,321,921 | ▲ 2% |
| Total debts | € 2,032,216 | € 5,627,827 | € 4,710,662 | € 2,572,178 | ▼ 45% |
| Land & buildings | € 3,943,267 | - | - | - | |
| Retained profit | € -23,924,824 | € -14,794,258 | € -10,219,680 | € -7,277,627 | ▲ € 2.9 million |
| Balance sheet total | € 113,706,939 | € 126,433,117 | € 130,090,529 | € 130,894,099 | ▲ 1% |
| Employees (FTE) | 28.9 | 17 | 3.4 | 2.9 | ▼ 0.5 |
Key figures of DEVGEN, 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 DEVGEN?
What happened at DEVGEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Johan De Dobbelaere stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.9 million (▼ 36% vs 2024). Source: NBB ↗
- Caroline Dierickx stepped down as director. NBB
- Richard Peletier stepped down as director. NBB
- Johan De Dobbelaere became a director. NBB
- Caroline Dierickx became a director. NBB
- Richard Peletier became a director. NBB
- New establishment in Gent. KBO
In short
From € 239,066 profit in 2022 to € 2.9 million profit in 2025.
Paid € 2.1 million in corporate taxes since 2022.
Best year ever: 2023, with € 9.1 million 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
The shares are held by Syngenta Crop Protection AG (100%). It owns 100% of Syngenta Research Services PTE Ltd and 100% of Devgen Seeds and Crop Technology PTE LTD itself.
Directors
According to the 2025 annual accounts
since 2023 · until 2029
since 2020 · until 2026
since 2020 · until 2026
Shareholders
Syngenta Crop Protection AG
100%
Participations
Syngenta Research Services PTE Ltd
100%
Devgen Seeds and Crop Technology PTE LTD
100%
Establishments
Establishment units
Physical locations of this company
Technologiepark-Zwijnaarde 30
9052 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0461.432.562
- VAT number
- BE 0461.432.562
- Registered office
- Technologiepark-Zwijnaarde 30, 9052 Gent
- Names & denominations
- DEVGEN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 September 1997
- Peppol
- Active · Active since 18 Sept 2025
- Activities · NACE
Speur- en ontwikkelingswerk op biotechnologisch gebied
Speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied