What does DEVOLEC do?

DEVOLEC is an electrical contractor in Harelbeke. Private Limited, started on 12 November 2012, 1 establishment.

What is the address of DEVOLEC?

The registered office of DEVOLEC is located at Vlietestraat 80, 8531 Harelbeke.

Is DEVOLEC still active?

Yes. According to the CBE (15 November 2026) DEVOLEC is active, legal situation “Normale toestand”, started on 12 November 2012.

Is DEVOLEC registered on Peppol?

Yes, DEVOLEC is registered on the Peppol network with ID 0208:0500725579.

What is the enterprise number of DEVOLEC?

The enterprise number of DEVOLEC is BE0500725579.

When was DEVOLEC founded?

DEVOLEC was founded on 12 November 2012.

Who are the directors of DEVOLEC?

According to the 2025 annual accounts, the directors of DEVOLEC are: Nick Devoldere.

Is DEVOLEC a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 12 November 2012; 4 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account; 1 events from the Belgian Official Gazette processed.

How much profit did DEVOLEC make in 2025?

DEVOLEC posted a profit after taxes of € 46,603 in financial year 2025.

What is the revenue of DEVOLEC?

As a small company, DEVOLEC is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 189,915.

How much does an employee at DEVOLEC earn?

The average wage cost per full-time employee at DEVOLEC was € 66,400 in 2023: staff costs of € 66,362 for 1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

DEVOLEC (Private Limited) - Harelbeke - BE0500725579

Dossier DEVOLEC, printed on 15 November 2026 from databakkes.be/en/0500725579/devolec. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

DEVOLEC from Harelbeke, company number BE0500725579, closed financial year 2025 with a result of € 46,603 after tax. For that financial year DEVOLEC recorded a gross margin of € 189,915 and equity of € 178,693. Compared with financial year 2024, the result moved from € 325 to € 46,603. Profitable, and profit is growing. The buffer shrank hard: equity is 51 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 4, 2026.

What it is worth Shrank hard

€ 178,693

▼ 51% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 46,603

▲ € 46,279 vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 84,205

▼ 16% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 234,673 paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Wage cost

€ 65,740

▼ 8% vs 2024

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 18,008

▼ 47% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 2 years to go

€ 90,868

▼ 34% vs 2024

€ 38,502 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 86,102

▲ 96% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 39,406

▲ 16% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 186,113 Gross margin 2022: € 186,113 First fiscal year in the series	€ 218,099 Gross margin 2023: € 218,099 ▲ 17% vs 2022 (€ 186,113) Favourable step	€ 203,905 Gross margin 2024: € 203,905 ▼ 7% vs 2023 (€ 218,099) Unfavourable step	€ 189,915 Gross margin 2025: € 189,915 ▼ 7% vs 2024 (€ 203,905) Unfavourable step	▼ 7%
Profit after taxes	€ 43,684 Profit after taxes 2022: € 43,684 First fiscal year in the series	€ 11,612 Profit after taxes 2023: € 11,612 ▼ 73% vs 2022 (€ 43,684) Unfavourable step	€ 325 Profit after taxes 2024: € 325 ▼ 97% vs 2023 (€ 11,612) Unfavourable step	€ 46,603 Profit after taxes 2025: € 46,603 ▲ € 46,279 vs 2024 (€ 325) Favourable step	▲ € 46,279
Equity	€ 433,482 Equity 2022: € 433,482 First fiscal year in the series	€ 400,148 Equity 2023: € 400,148 ▼ 8% vs 2022 (€ 433,482) Unfavourable step	€ 366,763 Equity 2024: € 366,763 ▼ 8% vs 2023 (€ 400,148) Unfavourable step	€ 178,693 Equity 2025: € 178,693 ▼ 51% vs 2024 (€ 366,763) Unfavourable step	▼ 51%
Total debts	€ 350,668 Total debts 2022: € 350,668 First fiscal year in the series	€ 330,245 Total debts 2023: € 330,245 ▼ 6% vs 2022 (€ 350,668) Favourable step	€ 216,198 Total debts 2024: € 216,198 ▼ 35% vs 2023 (€ 330,245) Favourable step	€ 417,821 Total debts 2025: € 417,821 ▲ 93% vs 2024 (€ 216,198) Unfavourable step	▲ 93%
Cash	€ 167,857 Cash 2022: € 167,857 First fiscal year in the series	€ 124,621 Cash 2023: € 124,621 ▼ 26% vs 2022 (€ 167,857) Unfavourable step	€ 100,832 Cash 2024: € 100,832 ▼ 19% vs 2023 (€ 124,621) Unfavourable step	€ 84,205 Cash 2025: € 84,205 ▼ 16% vs 2024 (€ 100,832) Unfavourable step	▼ 16%
Land & buildings	€ 394,351 Land & buildings 2022: € 394,351 First fiscal year in the series	€ 365,231 Land & buildings 2023: € 365,231 ▼ 7% vs 2022 (€ 394,351) Unchanged	€ 337,204 Land & buildings 2024: € 337,204 ▼ 8% vs 2023 (€ 365,231) Unchanged	€ 310,072 Land & buildings 2025: € 310,072 ▼ 8% vs 2024 (€ 337,204) Unchanged	▼ 8%
Retained profit	€ 421,082 Retained profit 2022: € 421,082 First fiscal year in the series	€ 387,748 Retained profit 2023: € 387,748 ▼ 8% vs 2022 (€ 421,082) Unfavourable step	€ 354,363 Retained profit 2024: € 354,363 ▼ 9% vs 2023 (€ 387,748) Unfavourable step	€ 166,293 Retained profit 2025: € 166,293 ▼ 53% vs 2024 (€ 354,363) Unfavourable step	▼ 53%
Dividend	€ 25,667 Dividend 2022: € 25,667 First fiscal year in the series	€ 44,945 Dividend 2023: € 44,945 ▲ 75% vs 2022 (€ 25,667) Unchanged	€ 33,711 Dividend 2024: € 33,711 ▼ 25% vs 2023 (€ 44,945) Unchanged	€ 234,673 Dividend 2025: € 234,673 ▲ € 200,962 vs 2024 (€ 33,711) Unchanged	▲ € 200,962
Bank debt	€ 227,311 Bank debt 2022: € 227,311 First fiscal year in the series	€ 182,524 Bank debt 2023: € 182,524 ▼ 20% vs 2022 (€ 227,311) Favourable step	€ 137,049 Bank debt 2024: € 137,049 ▼ 25% vs 2023 (€ 182,524) Favourable step	€ 90,868 Bank debt 2025: € 90,868 ▼ 34% vs 2024 (€ 137,049) Favourable step	▼ 34%
Balance sheet total	€ 784,150 Balance sheet total 2022: € 784,150 First fiscal year in the series	€ 730,393 Balance sheet total 2023: € 730,393 ▼ 7% vs 2022 (€ 784,150) Unchanged	€ 582,961 Balance sheet total 2024: € 582,961 ▼ 20% vs 2023 (€ 730,393) Unchanged	€ 596,514 Balance sheet total 2025: € 596,514 ▲ 2% vs 2024 (€ 582,961) Unchanged	▲ 2%
Employees (FTE)	1.3 Employees (FTE) 2022: 1.3 First fiscal year in the series	1 Employees (FTE) 2023: 1 ▼ 0.3 vs 2022 (1.3) Unchanged	-	-

By gross margin, DEVOLEC ranks 4th of 14 companies with main activity “Algemene elektrotechnische installatiewerken” in Harelbeke that publish figures (fiscal year 2025).

Key figures of DEVOLEC, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.

Ask about DEVOLEC the way you would ask their accountant.

Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.

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What happened to DEVOLEC?

What happened at DEVOLEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jan 4, 2026 New annual accounts for financial year 2025: profit of € 46,603 (▲ € 46,279 vs 2024). Source: NBB ↗
Nov 21, 2012 New establishment in Harelbeke. KBO
Nov 14, 2012 Incorporation, published in the Gazette. Source: Staatsblad ↗
2012 Nick Devoldere became a director. NBB

In short

From € 43,684 profit in 2022 to € 46,603 profit in 2025.

Paid € 148,157 in corporate taxes since 2022.

Best year ever: 2025, with € 46,603 profit.

On average € 218,100 of value added per employee in 2023.

Original PDFs at the National Bank ↗

Management

Nick Devoldere

DEVOLEC

Behind DEVOLEC is Nick Devoldere.

Directors

According to the 2025 annual accounts

Nick Devoldere

Director

since 2012

Establishments

Establishment units

Physical locations of this company

Registered office

Vlietestraat 80

8531 Harelbeke

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Similar companies in Harelbeke

Same main activity (Algemene elektrotechnische installatiewerken), 16 active companies in Harelbeke, largest first.

CIGAL

€ 1.3 million gross margin · 2025

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€ 585,603 gross margin · 2025

PNB Elektrotechniek

€ 236,897 gross margin · 2025

CEELEKTRO

€ 143,667 gross margin · 2025

Jo Technic

€ 94,915 gross margin · 2025

Driconan

€ 51,462 gross margin · 2025

All companies with this activity → Largest companies in Harelbeke →

Shareholders according to the Official Gazette deeds

Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.

Incorporation

14 November 2012 Source: Deed ↗

DEVOLDERE Nick(oprichter) 100%

Details

Company number: 0500.725.579
VAT number: BE 0500.725.579
Registered office: Vlietestraat 80, 8531 Harelbeke
Names & denominations: DEVOLEC
Enterprise type: Rechtspersoon
Legal form: Private limited company
Legal situation: Normale toestand
Start date: 12 November 2012
Peppol: Active · Active since 31 Oct 2023
Activities · NACE: Algemene elektrotechnische installatiewerken

View on CBE Public ↗ Annual accounts (NBB) ↗