Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Devos Industry from Koekelare, company number BE0648740651, closed financial year 2025 with a result of € 73,257 after tax. For that financial year Devos Industry recorded a gross margin of € 123,288 and equity of € -144,387. Compared with financial year 2024, the result moved from € 91,306 to € 73,257. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ -144,387
▲ € 73,257 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 73,257
▼ 20% vs 2024
Profit after tax over the fiscal year.
€ 97,120
▲ 75% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -394,387.
People and assets in 2025
€ 13,075
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 33,275
▼ 45% vs 2024
Loans from banks and other lenders, long and short.
€ 19,814
▼ 50% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 22,409
▼ 23% 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 | € -82,980 | € 355,309 | € 139,387 | € 123,288 | ▼ 12% |
| Profit after taxes | € -459,898 | € 150,538 | € 91,306 | € 73,257 | ▼ 20% |
| Equity | € -459,488 | € -308,951 | € -217,645 | € -144,387 | ▲ € 73,257 |
| Total debts | € 2,681,611 | € 749,222 | € 570,040 | € 461,080 | ▼ 19% |
| Cash | - | € 2,050 | € 55,405 | € 97,120 | ▲ 75% |
| Land & buildings | € 1,434,035 | € 0 | - | - | |
| Retained profit | € -709,488 | € -558,951 | € -467,645 | € -394,387 | ▲ € 73,257 |
| Bank debt | € 1,713,989 | € 100,000 | € 60,000 | € 33,275 | ▼ 45% |
| Balance sheet total | € 2,222,123 | € 440,272 | € 352,396 | € 316,693 | ▼ 10% |
| Employees (FTE) | 0.2 | 0 | - | - |
Key figures of Devos Industry, 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 Industry?
What happened at Devos Industry in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 73,257 (▼ 20% vs 2024). filed late Source: NBB ↗
- New establishment in Koekelare. KBO
- Start of the company according to the CBE. KBO
In short
From € 459,898 loss in 2022 to € 73,257 profit in 2025.
Paid € 123 in corporate taxes since 2022.
Best year ever: 2023, with € 150,538 profit.
Management
Behind Devos Industry are Wim DEVOS and Michaël DEVOS.
Directors
According to the 2025 annual accounts
Wim DEVOS
Director
Michaël DEVOS
Director
Establishments
Establishment units
Physical locations of this company
Moervijverweg 14
8680 Koekelare
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0648.740.651
- VAT number
- BE 0648.740.651
- Registered office
- Moervijverweg 14, 8680 Koekelare
- Names & denominations
- Devos Industry
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 February 2016
- Peppol
- Active · Active since 5 Oct 2025
- Activities · NACE
Vervaardiging van metalen constructiewerken en delen daarvan
Overige niet-gespecialiseerde detailhandel
Reparatie en onderhoud van machines
Handelsbemiddeling in de groothandel in brandstoffen, ertsen, metalen en chemische producten
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde bouwwerkzaamheden
Detailhandel via postorderbedrijven of via internet