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.
€ 178,693
▼ 51% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 46,603
▲ € 46,279 vs 2024
Profit after tax over the fiscal year.
€ 84,205
▼ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 234,673 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 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.
€ 18,008
▼ 47% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 90,868
▼ 34% vs 2024
€ 38,502 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 86,102
▲ 96% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 39,406
▲ 16% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 186,113 | € 218,099 | € 203,905 | € 189,915 | ▼ 7% |
| Profit after taxes | € 43,684 | € 11,612 | € 325 | € 46,603 | ▲ € 46,279 |
| Equity | € 433,482 | € 400,148 | € 366,763 | € 178,693 | ▼ 51% |
| Total debts | € 350,668 | € 330,245 | € 216,198 | € 417,821 | ▲ 93% |
| Cash | € 167,857 | € 124,621 | € 100,832 | € 84,205 | ▼ 16% |
| Land & buildings | € 394,351 | € 365,231 | € 337,204 | € 310,072 | ▼ 8% |
| Retained profit | € 421,082 | € 387,748 | € 354,363 | € 166,293 | ▼ 53% |
| Dividend | € 25,667 | € 44,945 | € 33,711 | € 234,673 | ▲ € 200,962 |
| Bank debt | € 227,311 | € 182,524 | € 137,049 | € 90,868 | ▼ 34% |
| Balance sheet total | € 784,150 | € 730,393 | € 582,961 | € 596,514 | ▲ 2% |
| Employees (FTE) | 1.3 | 1 | - | - |
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.
What happened to DEVOLEC?
What happened at DEVOLEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 46,603 (▲ € 46,279 vs 2024). Source: NBB ↗
- New establishment in Harelbeke. KBO
- Start of the company according to the CBE. KBO
- 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.
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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
Directors
According to the 2025 annual accounts
Nick Devoldere
Director
since 2012
Establishments
Establishment units
Physical locations of this company
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.
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