ACTIVE

DEVOMAS

Financial year 2024 · Closed on 31/12/2024

Net result153,9 k €+70,2 %over 1 year

Gross margin664,9 k €+115,2 %over 1 year

Equity435,6 k €+54,6 %over 1 year

Identity

Source · BCE/KBO

DEVOMAS is a Private limited company incorporated in 1984. Its main activity is: Gambling and betting activities. Its registered office is in Bruxelles.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0425.443.780
Incorporation: 15/03/1984
Legal form: Private limited company
Registered office: Avenue des Croix de Guerre 120
1120 Bruxelles · BruxellesSee on map
Contributed capital: 12 402,66 €
Latest accounts: 31/12/2024

Activities (NACE)

92722Gambling and betting activities· main 93292Other amusement and recreation activities 93293Other amusement and recreation activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2024		2023		2022		2021		2020
Income statement
Gross margin	664,9 k €	+115%	308,9 k €	+1572%	18,5 k €	-95.8%	440,5 k €	+13.7%	387,4 k €
EBITDA	354,8 k €	+115%	165,1 k €	+373%	34,9 k €	-79.8%	172,9 k €	+20.2%	143,8 k €
Operating result	321 k €	+158%	124,6 k €	+957%	-14,5 k €	-113%	110,4 k €	+45.6%	75,8 k €
Net result	153,9 k €	+70.2%	90,4 k €	+616%	-17,5 k €	-122%	80,3 k €	+51.6%	53 k €
Balance sheet
Equity	435,6 k €	+54.6%	281,7 k €	-3.3%	291,3 k €	-5.7%	308,8 k €	+35.1%	228,5 k €
Total assets	816,4 k €	+34.7%	606 k €	+69.6%	357,2 k €	-18.9%	440,7 k €	+2.3%	430,6 k €
Cash	287,5 k €	+487%	48,9 k €	+42.6%	34,3 k €	-75.0%	137,4 k €	+392%	27,9 k €
Debts	380,8 k €	+17.4%	324,3 k €	+392%	65,9 k €	-50.0%	131,8 k €	-34.8%	202,1 k €
Other
Workforce	–		–		0,4 ETP	-96.3%	10,8 ETP	-0.9%	10,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2024

2 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GPFI0841.832.811Represented by MASSIMO MENEGALLI	Directorsince 09/01/2024Associate2018 accountsended
MASSIMO MENEGALLI	Directorsince 21/09/2015Managing director21/09/2015 → 2019 accountsendedManager21/09/2015 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DEVOMAS0425.443.780Represented by Roger Rutten	Manager15/11/2002 → 2011 accounts
NOCTURN CONSULTING0447.451.496Represented by Anthony Rus	Manager15/11/2002 → 2014 accounts
Anthony Rus	Manager2013 accounts

Other companies at this address

Avenue des Croix de Guerre 120 1120 Bruxelles

Company	CBE no.
BARCLAY GROUP● Active	0862.798.667
BELGIAN GAMING ASSOCIATION B.G.A.● Active	0408.865.589
BELGIUM WEB CASINO● Active	0842.448.364
Center jeux automatiques● Active	0438.561.051
CITEXAR● Active	0449.633.404
citexlux● Active	0566.948.073
CONCEPT V GAMES● Active	0843.578.514
DEBA SQUARE● Active	0449.587.872
DE PIJL● Active	0432.417.981
ELENI PROJECTS● Active	0458.108.531
EUROPEAN AMUSEMENT● Active	0449.575.303
FINCAINVEST● Active	0890.430.801
FORTUNA 2000● Active	0465.106.684
Fun2play● Active	0446.241.273
GABY● Active	0757.470.921
General Automatic Amusement● Active	0407.052.085
GOLDEN PALACE● Active	0765.453.031
GOLDEN PALACE ANTWERPEN● Active	0713.710.558
GOLDEN PALACE WATERLOO● Active	0462.168.970
GPFI● Active	0841.832.811

Full financial information

Source · NBB

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/08/2025	09/07/2024	11/05/2023	13/06/2022	03/09/2021	15/07/2020
General meeting	12/06/2025	12/06/2024	08/05/2023	09/05/2022	10/05/2021	11/05/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	12/06/2025	12/08/2025	French	PDF
Abridged model	31/12/2023	12/06/2024	09/07/2024	French	PDF
Abridged model	31/12/2022	08/05/2023	11/05/2023	French	PDF
Abridged model	31/12/2021	09/05/2022	13/06/2022	French	PDF
Abridged model	31/12/2020	10/05/2021	03/09/2021	French	PDF
Abridged model	31/12/2019	11/05/2020	15/07/2020	French	PDF
Abridged model	31/12/2018	13/05/2019	06/09/2019	French	PDF
Abridged model	31/12/2017	14/05/2018	11/07/2018	French	PDF
Abridged model	31/12/2016	08/05/2017	17/05/2017	French	PDF
Abridged model	31/12/2015	09/05/2016	27/09/2016	French	PDF
Abridged model	31/12/2014	11/05/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	12/05/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	13/05/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	14/05/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	09/05/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	10/05/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	11/05/2009	27/08/2009	Dutch	PDF
Abridged model	31/12/2007	12/05/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	14/05/2007	30/08/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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.

Board of directors

Source · NBB, accounts to 31/12/2024

2 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GPFI0841.832.811Represented by MASSIMO MENEGALLI	Directorsince 09/01/2024Associate2018 accountsended
MASSIMO MENEGALLI	Directorsince 21/09/2015Managing director21/09/2015 → 2019 accountsendedManager21/09/2015 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DEVOMAS0425.443.780Represented by Roger Rutten	Manager15/11/2002 → 2011 accounts
NOCTURN CONSULTING0447.451.496Represented by Anthony Rus	Manager15/11/2002 → 2014 accounts
Anthony Rus	Manager2013 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates18/01/2024
OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Registered office03/05/2019
SIEGE SOCIAL
PDF
Mandates05/11/2015
ONTSLAG, BENOEMING EN VERPLAATSING VAN MAATSCHAPPELIJKE
PDF
Mandates15/04/2015
ONTSLAG - BENOEMING VASTE VERTEGENWOORDIGER
PDF
Mandates25/11/2003
ONTSLAGEN - BENOEMINGEN - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
PDF
Mandates14/04/2003
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/04/2003
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

GPFI

MASSIMO MENEGALLI

DEVOMAS

NOCTURN CONSULTING

EUROPEAN AMUSEMENT

Roger Rutten

Anthony Rus

1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

DEVOMAS

Avenue des Croix de Guerre 120, 1120 Neder-Over-HeembeekRUE ASTRID 3, 7600 Péruwelz

Director

DirectorManaging directorManager

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue des Croix de Guerre 120, 1120 Neder-Over-HeembeekCurrent	accounts 2023 → 2024	Accounts 2024 · 2025-00376157
RUE ASTRID 3, 7600 Péruwelz	accounts 2021 → 2022	Accounts 2022 · 2023-00086340

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
DEVOMASCurrent	accounts 2021 → 2024	Accounts 2024 · 2025-00376157

Events

2024
Annual accounts 2024153,9 k €↑
2023
Annual accounts 202390,4 k €↑
2022
Annual accounts 2022-17,5 k €↓
2021
Annual accounts 202180,3 k €↑
2020
Annual accounts 202053 k €↓
2019
Annual accounts 2019131,7 k €↑
2018
Annual accounts 2018-79,7 k €↓
2017
Annual accounts 20171,1 k €↓
2016
Annual accounts 2016105,9 k €↑
2015
Annual accounts 2015-62,8 k €↓
2014
Annual accounts 20145,7 k €↑
2013
Annual accounts 2013-5,9 k €↑
2012
Annual accounts 2012-93,7 k €↓
2011
Annual accounts 201124,8 k €↑
2010
Annual accounts 20102,3 k €↓
2009
Annual accounts 200978,7 k €↑
2008
Annual accounts 200830,5 k €↑
2007
Annual accounts 200710,5 k €↓
2006
Annual accounts 200614 k €
15/03/1984
IncorporationPrivate limited company

DEVOMAS

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline

Registered offices

Company names

Events