ACTIVE

Devico

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Financial year 2025 · closed on 31/12/2025

Net result

19,2 k €

+51.9% YoY

Gross margin

31,9 k €

+46.4% YoY

Equity

393,8 k €

+5.1% YoY

What does Devico do?

Devico is a Public limited company incorporated in 1969. Its registered office is in Aalst.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0406.754.652

Incorporation

14/06/1969

Legal form

Public limited company

Registered office

Overhammedreef 22
9300 Aalst · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	31,9 k €	+46.4%	21,8 k €	-31.7%	31,9 k €	-97.0%	1,1 M €	+383%	222,1 k €	-17.1%	268,1 k €	+19.5%	224,4 k €	-22.3%	288,8 k €	+13.1%	255,4 k €	+3.9%	245,9 k €	+3.3%	238,0 k €	-17.0%	286,6 k €	-7.7%	310,5 k €	+1.8%	304,9 k €	-29.6%	433,1 k €	+28.3%	337,4 k €	-19.3%	418,3 k €	-25.3%	560,0 k €	+6.3%	526,6 k €	-28.1%	732,4 k €
EBITDA	30,8 k €	+48.7%	20,7 k €	+11.8%	18,6 k €	-97.0%	611,2 k €	+7852%	7,7 k €	-73.0%	28,5 k €	+245%	8,3 k €	-87.4%	65,5 k €	+74.0%	37,6 k €	+64.9%	22,8 k €	-45.8%	42,1 k €	+28.0%	32,9 k €	+266%	9,0 k €	-57.1%	20,9 k €	+188%	7,3 k €	-84.2%	46,0 k €	+2.3%	45,0 k €	-50.3%	90,5 k €	+31.9%	68,6 k €	+190%	-76,6 k €
Operating result	28,4 k €	+52.1%	18,7 k €	+9.5%	17,1 k €	-97.2%	611,8 k €	+4617%	-13,5 k €	-432%	4,1 k €	+126%	-15,4 k €	-135%	43,8 k €	+165%	16,5 k €	+155%	6,5 k €	-73.6%	24,6 k €	+93.1%	12,7 k €	+190%	-14,1 k €	-274%	8,1 k €	+165%	-12,4 k €	-146%	26,7 k €	+19.1%	22,4 k €	-51.8%	46,5 k €	+95.8%	23,8 k €	+121%	-111,0 k €
Net result	19,2 k €	+51.9%	12,6 k €	+28.7%	9,8 k €	-97.6%	415,1 k €	+2711%	-15,9 k €	-817%	2,2 k €	+107%	-31,4 k €	-211%	28,3 k €	+412%	-9,1 k €	-20.0%	-7,6 k €	-4.3%	-7,2 k €	+57.4%	-17,0 k €	+67.4%	-52,1 k €	-165%	-19,7 k €	+14.9%	-23,1 k €	-255%	14,9 k €	+30.1%	11,5 k €	-48.7%	22,4 k €	+906%	-2,8 k €	+98.0%	-136,4 k €
Balance sheet
Equity	393,8 k €	+5.1%	374,6 k €	+3.5%	362,0 k €	+2.8%	352,1 k €	+425%	67,1 k €	-19.2%	83,0 k €	+2.7%	80,8 k €	-28.0%	112,2 k €	+33.7%	83,9 k €	-9.7%	93,0 k €	-7.5%	100,5 k €	-6.7%	107,8 k €	-13.6%	124,8 k €	-29.5%	176,9 k €	-10.0%	196,5 k €	-10.5%	219,6 k €	+13.9%	192,8 k €	+6.3%	181,3 k €	+14.1%	158,9 k €	-1.7%	161,7 k €
Total assets	400,5 k €	+0.5%	398,5 k €	+7.5%	370,5 k €	-47.4%	705,0 k €	+28.8%	547,5 k €	-19.1%	676,6 k €	+10.0%	615,0 k €	+20.3%	511,1 k €	-12.1%	581,6 k €	-12.5%	664,6 k €	+22.3%	543,5 k €	-1.2%	550,2 k €	-10.0%	611,2 k €	+8.8%	561,8 k €	+4.2%	539,3 k €	-23.8%	707,9 k €	+33.1%	531,9 k €	-15.8%	631,9 k €	-26.4%	859,2 k €	-29.4%	1,2 M €
Cash	199,8 k €	-39.2%	328,4 k €	+10.7%	296,8 k €	-34.0%	450,0 k €	+333%	104,0 k €	-46.3%	193,5 k €	+20.2%	160,9 k €	+174%	58,7 k €	-37.8%	94,4 k €	-27.7%	130,6 k €	+61.5%	80,8 k €	+34.7%	60,0 k €	+393%	12,2 k €	-52.7%	25,7 k €	-65.6%	74,6 k €	-64.7%	211,4 k €	+9.2%	193,5 k €	-18.4%	237,1 k €	+94.6%	121,8 k €	-14.5%	142,4 k €
Debts	6,7 k €	-72.1%	23,9 k €	+179%	8,6 k €	-97.6%	352,8 k €	-26.2%	477,9 k €	-19.2%	591,1 k €	+11.6%	529,9 k €	+34.3%	394,6 k €	-20.0%	493,3 k €	-13.0%	567,2 k €	+29.3%	438,9 k €	+0.1%	438,4 k €	-9.1%	482,4 k €	+26.6%	381,1 k €	+12.8%	337,9 k €	-29.3%	478,1 k €	+49.1%	320,8 k €	-24.7%	425,9 k €	-37.5%	681,1 k €	-35.4%	1,1 M €
Other
Workforce	–		–		0,2 ETP	-92.6%	2,7 ETP	-22.9%	3,5 ETP	-5.4%	3,7 ETP	+5.7%	3,5 ETP	-18.6%	4,3 ETP	-4.4%	4,5 ETP	-2.2%	4,6 ETP	-17.9%	5,6 ETP	-13.8%	6,5 ETP	-14.5%	7,6 ETP	+15.2%	6,6 ETP	-5.7%	7,0 ETP	-1.4%	7,1 ETP	-15.5%	8,4 ETP	-18.4%	10,3 ETP	-11.2%	11,6 ETP	-38.6%	18,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

KRIS YSEWYN

Director

Active

LIESBETH LIEVENS

Director

Active

Ended mandates

ALEX YSEWIJN

Manager

Ended

BERNARD YSEWIJN

Director

Ended

BERNARD YSEWIJN

Managing director

Ended

BERNARD YSEWIJN

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/07/2026	27/06/2025	26/07/2024	11/07/2023	08/07/2022	22/07/2021
General meeting	10/06/2026	11/06/2025	12/06/2024	14/06/2023	08/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	10/06/2026	17/07/2026	Dutch	PDF
Abridged model	31/12/2024	11/06/2025	27/06/2025	Dutch	PDF
Abridged model	31/12/2023	12/06/2024	26/07/2024	Dutch	PDF
Abridged model	31/12/2022	14/06/2023	11/07/2023	Dutch	PDF
Abridged model	31/12/2021	08/06/2022	08/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	22/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	23/07/2020	Dutch	PDF
Abridged model	31/12/2018	12/06/2019	12/07/2019	Dutch	PDF
Abridged model	31/12/2017	13/06/2018	12/07/2018	Dutch	PDF
Abridged model	31/12/2016	14/06/2017	10/07/2017	Dutch	PDF
Abridged model	31/12/2015	29/06/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	22/07/2015	Dutch	PDF
Abridged model	31/12/2013	25/06/2014	23/07/2014	Dutch	PDF
Abridged model	31/12/2012	26/06/2013	23/07/2013	Dutch	PDF
Abridged model	31/12/2011	27/06/2012	24/07/2012	Dutch	PDF
Abridged model	31/12/2010	08/06/2011	07/07/2011	Dutch	PDF
Abridged model	31/12/2009	09/06/2010	09/07/2010	Dutch	PDF
Abridged model	31/12/2008	10/06/2009	08/07/2009	Dutch	PDF
Abridged model	31/12/2007	29/06/2008	24/07/2008	Dutch	PDF
Abridged modelCorrection	31/12/2006	30/06/2007	30/10/2007	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	30/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

KRIS YSEWYN

Director

Active

LIESBETH LIEVENS

Director

Active

Ended mandates

ALEX YSEWIJN

Manager

Ended

BERNARD YSEWIJN

Director

Ended

BERNARD YSEWIJN

Managing director

Ended

BERNARD YSEWIJN

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office25/11/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates29/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/08/2014
ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/01/2012
MAATSCHAPPELIJKE ZETEL
PDF
Other08/05/2009
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/10/2008
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202519,2 k €↑
2024
Annual accounts 202412,6 k €↑
2023
Annual accounts 20239,8 k €↓
2022
Annual accounts 2022415,1 k €↑
2021
Annual accounts 2021-15,9 k €↓
2020
Annual accounts 20202,2 k €↑
2019
Annual accounts 2019-31,4 k €↓
2018
Annual accounts 201828,3 k €↑
2017
Annual accounts 2017-9,1 k €↓
2016
Annual accounts 2016-7,6 k €↓
2015
Annual accounts 2015-7,2 k €↑
2014
Annual accounts 2014-17,0 k €↑
2013
Annual accounts 2013-52,1 k €↓
2012
Annual accounts 2012-19,7 k €↑
2011
Annual accounts 2011-23,1 k €↓
2010
Annual accounts 201014,9 k €↑
2009
Annual accounts 200911,5 k €↓
2008
Annual accounts 200822,4 k €↑
2007
Annual accounts 2007-2,8 k €↑
2006
Annual accounts 2006-136,4 k €
14/06/1969
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Devico

Overview

What does Devico do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline