Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
DEVACON from Izegem, company number BE0806990510, closed financial year 2026 with a result of € 236,356 after tax. For that financial year DEVACON recorded a gross margin of € 173,835 and equity of € 2.8 million. Compared with financial year 2025, the result moved from € 223,304 to € 236,356. Profitable, and profit is growing. 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 October 28, 2026.
€ 2.8 million
▲ 5% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 236,356
▲ 6% vs 2025
Profit after tax over the fiscal year.
€ 10,017
▼ 77% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 99,229 paid out
42 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2026
€ 34,783
▲ € 32,267 vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 254,474
▼ 20% vs 2025
€ 72,126 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 2,650
▲ 10% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 13,689
▼ 72% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 336,066 | € 335,249 | € 333,450 | € 173,835 | ▼ 48% |
| Profit after taxes | € 206,858 | € 1,316,393 | € 223,304 | € 236,356 | ▲ 6% |
| Equity | € 1,156,961 | € 2,463,962 | € 2,658,992 | € 2,796,118 | ▲ 5% |
| Total debts | € 893,656 | € 660,546 | € 452,614 | € 297,340 | ▼ 34% |
| Cash | € 92,512 | € 54,388 | € 43,279 | € 10,017 | ▼ 77% |
| Retained profit | € 440,961 | € 1,747,962 | € 1,942,992 | € 2,080,118 | ▲ 7% |
| Dividend | € 20,078 | € 9,391 | € 28,275 | € 99,229 | ▲ 251% |
| Bank debt | € 441,268 | € 373,461 | € 317,708 | € 254,474 | ▼ 20% |
| Balance sheet total | € 2,050,617 | € 3,124,508 | € 3,111,606 | € 3,093,458 | ▼ 1% |
Key figures of DEVACON, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 30 April 2028.
What happened to DEVACON?
What happened at DEVACON in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 236,356 (▲ 6% vs 2025). Source: NBB ↗
- New establishment in Izegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 206,858 profit in 2023 to € 236,356 profit in 2026.
Paid € 441,537 in corporate taxes since 2023.
Best year ever: 2024, with € 1.3 million profit.
Paid out € 156,973 in dividends to the owners in total.
Management
Behind DEVACON is Marc D'Eigens. It owns 100% of Mandel Car Toerisme NV itself.
Directors
According to the 2026 annual accounts
Establishments
Establishment units
Physical locations of this company
Leenstraat 21
8870 Izegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0806.990.510
- VAT number
- BE 0806.990.510
- Registered office
- Leenstraat 21, 8870 Izegem
- Names & denominations
- DEVACON
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 September 2008
- Peppol
- Active · Active since 17 Jun 2025
- Activities · NACE
Activiteiten van holdings
Holdings