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
DevRad from Brecht, company number BE0526854411, closed financial year 2025 with a result of € -33,464 after tax. For that financial year DevRad recorded a gross margin of € -9,231 and equity of € 365,533. Compared with financial year 2024, the result moved from € -24,135 to € -33,464. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 31, 2026.
€ 365,533
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -33,464
▼ 39 % more loss than in 2024
Profit after tax over the fiscal year.
€ 39,075
▼ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -40,667.
People and assets in 2025
€ 6,730
▼ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 400,000
▼ 39% vs 2024
Loans from banks and other lenders, long and short.
€ 7,623
▼ 63% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 445
▼ 74% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 975 | € 30,324 | € -14,793 | € -9,231 | ▲ € 5,562 |
| Profit after taxes | € -9,099 | € 2,898 | € -24,135 | € -33,464 | ▼ € 9,328 |
| Equity | € 420,234 | € 423,132 | € 398,997 | € 365,533 | ▼ 8% |
| Total debts | € 1,126,835 | € 953,490 | € 936,696 | € 1,008,546 | ▲ 8% |
| Cash | € 331,745 | € 114,501 | € 39,497 | € 39,075 | ▼ 1% |
| Land & buildings | € 9,125 | € 8,102 | € 9,194 | € 7,959 | ▼ 13% |
| Retained profit | € 14,034 | € 16,932 | € -7,203 | € -40,667 | ▼ € 33,464 |
| Bank debt | € 860,000 | € 660,000 | € 660,000 | € 400,000 | ▼ 39% |
| Balance sheet total | € 1,547,069 | € 1,376,623 | € 1,335,693 | € 1,374,080 | ▲ 3% |
Key figures of DevRad, 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 DevRad?
What happened at DevRad in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 33,464. filed late Source: NBB ↗
- Tomasz Radzinski became a director. NBB
- Cathy Devreker became a director. NBB
- New establishment in Brecht. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,099 loss in 2022 to € 33,464 loss in 2025.
Paid € 2,730 in corporate taxes since 2022.
Best year ever: 2023, with € 2,898 profit.
Management
Behind DevRad are Tomasz Radzinski and Cathy Devreker. It owns 50% of Rialto Invest and 14% of Rialto Leuven itself.
Directors
According to the 2025 annual accounts
Tomasz Radzinski
Director
since 2013
since 2013
Establishments
Establishment units
Physical locations of this company
Zwaluwlaan 5
2960 Brecht
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0526.854.411
- VAT number
- BE 0526.854.411
- Registered office
- Zwaluwlaan 5, 2960 Brecht
- Names & denominations
- DevRad
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 April 2013
- Peppol
- Active · Active since 1 Sept 2025
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Schatten en evalueren van onroerend goed voor een vast bedrag of op contractbasis
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis