ACTIVE

DEVORO

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Financial year 2025 · closed on 31/01/2025

Net result

918,5 k €

+42.1% YoY

Gross margin

1,7 M €

+30.1% YoY

Equity

2,9 M €

+47.4% YoY

Workforce

6,4 ETP

+3.2% YoY

What does DEVORO do?

DEVORO is a Private limited company incorporated in 1988. Its main activity is: Preparation and spinning of textile fibres. Its registered office is in Oostrozebeke. It employs on average 6,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0435.382.322

Incorporation

03/10/1988

Legal form

Private limited company

Registered office

Roterijstraat 3
8780 Oostrozebeke · FlandreSee on map

Contributed capital

75 000,00 €

Latest accounts

31/01/2025

Average workforce

6,4 ETP

Activities (NACE)

13100Preparation and spinning of textile fibres· main 13100Preparation and spinning of textile fibres 17140Manufacture of pulp, paper and paperboard 01160Growing of fibre crops 01160Growing of fibre crops

Joint committees (3)

12002
144
14402

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,7 M €	+30.1%	1,3 M €	+39.1%	953,9 k €	+34.2%	710,9 k €	+69.3%	419,9 k €	+13.4%	370,4 k €	+3.3%	358,5 k €	+113%	168,7 k €	-44.0%	301,5 k €	-0.4%	302,7 k €	-21.6%	386,1 k €	+17.1%	329,6 k €	+50.0%	219,7 k €	+81.8%	120,9 k €	-21.5%	153,9 k €	+196%	52,0 k €	+35.2%	38,4 k €	-55.6%	86,5 k €	+81.7%	47,6 k €
EBITDA	1,5 M €	+41.3%	1,0 M €	+51.1%	685,2 k €	+36.8%	500,7 k €	+118%	229,4 k €	+2.2%	224,4 k €	+10.9%	202,4 k €	+11.1%	182,2 k €	+45.2%	125,5 k €	-4.3%	131,0 k €	-34.7%	200,7 k €	+27.4%	157,6 k €	-19.1%	194,7 k €	+11.8%	174,2 k €	+94.3%	89,7 k €	+87.2%	47,9 k €	+102%	23,7 k €	-50.2%	47,6 k €	+181%	16,9 k €
Operating result	1,3 M €	+44.4%	931,6 k €	+46.7%	635,1 k €	+35.9%	467,5 k €	+155%	183,6 k €	+13.6%	161,6 k €	+57.9%	102,4 k €	+84.4%	55,5 k €	-10.9%	62,3 k €	-4.7%	65,4 k €	-54.8%	144,7 k €	+18.0%	122,6 k €	-4.5%	128,4 k €	+25.9%	102,0 k €	+344%	22,9 k €	+105%	11,2 k €	+3.2%	10,8 k €	-68.9%	34,9 k €	+310%	8,5 k €
Net result	918,5 k €	+42.1%	646,5 k €	+47.7%	437,7 k €	+45.2%	301,5 k €	+153%	119,2 k €	+26.6%	94,1 k €	+94.4%	48,4 k €	+141%	20,1 k €	-25.5%	27,0 k €	+55.3%	17,4 k €	-79.4%	84,3 k €	+9.9%	76,7 k €	-11.6%	86,8 k €	+24.0%	70,0 k €	+224%	21,6 k €	+68.2%	12,8 k €	-14.3%	15,0 k €	-59.0%	36,5 k €	+368%	7,8 k €
Balance sheet
Equity	2,9 M €	+47.4%	1,9 M €	+50.1%	1,3 M €	+51.3%	853,8 k €	+4.5%	817,0 k €	+17.1%	697,8 k €	+15.6%	603,7 k €	+8.7%	555,2 k €	+3.8%	535,1 k €	+5.3%	508,1 k €	+3.5%	490,7 k €	+20.8%	406,4 k €	+23.3%	329,6 k €	+35.8%	242,8 k €	+40.3%	173,1 k €	+14.2%	151,5 k €	+9.2%	138,7 k €	+12.1%	123,8 k €	+41.7%	87,3 k €
Total assets	4,5 M €	-3.0%	4,6 M €	+57.4%	2,9 M €	+54.4%	1,9 M €	-3.3%	2,0 M €	+5.4%	1,9 M €	-11.1%	2,1 M €	+7.8%	1,9 M €	+1.1%	1,9 M €	+10.9%	1,7 M €	-3.7%	1,8 M €	-2.6%	1,8 M €	+16.0%	1,6 M €	+25.8%	1,3 M €	+21.4%	1,0 M €	-7.4%	1,1 M €	+56.1%	720,2 k €	+12.8%	638,6 k €	+171%	235,9 k €
Cash	2,4 M €	+71.4%	1,4 M €	-8.0%	1,5 M €	+31.3%	1,2 M €	+75.5%	668,9 k €	-20.9%	846,0 k €	+17.7%	719,0 k €	+35.7%	529,9 k €	-33.4%	795,3 k €	+12.0%	710,1 k €	-34.5%	1,1 M €	+111%	512,5 k €	+52.3%	336,5 k €	+15.8%	290,7 k €	+116%	134,8 k €	+727%	16,3 k €	-85.6%	113,0 k €	-2.9%	116,4 k €	+867%	12,0 k €
Debts	1,6 M €	-39.7%	2,7 M €	+63.2%	1,6 M €	+56.9%	1,0 M €	-9.0%	1,1 M €	-1.6%	1,2 M €	-21.9%	1,5 M €	+7.4%	1,4 M €	+12.3%	1,2 M €	+10.2%	1,1 M €	-10.0%	1,2 M €	-11.0%	1,4 M €	+10.5%	1,3 M €	+23.5%	1,0 M €	+26.4%	808,1 k €	-16.9%	972,8 k €	+67.4%	581,2 k €	+12.9%	514,6 k €	+247%	148,3 k €
Other
Workforce	6,4 ETP	+3.2%	6,2 ETP	+3.3%	6,0 ETP	+3.4%	5,8 ETP	+1.8%	5,7 ETP	+18.8%	4,8 ETP	-11.1%	5,4 ETP	+10.2%	4,9 ETP	+4.3%	4,7 ETP	+2.2%	4,6 ETP	0.0%	4,6 ETP	+12.2%	4,1 ETP	+412%	0,8 ETP		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/01/2025 · 1 active · 6 ended

Active mandates

Lode Devos

Director · since 29 juin 2006

Active

Ended mandates

Lode Devos

Director

Ended

Lode Devos

Manager

Ended

LODE DEVOS

Mandate

Ended

Wilfer Devos

Director

Ended

Annual accounts

Full financial information

	2025	2024	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/02/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/01/2025	31/01/2024	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	13 months	12 months	12 months	12 months	12 months
Filing date	24/11/2025	21/10/2024	23/10/2023	26/01/2023	27/10/2021	28/10/2020
General meeting	26/07/2025	27/07/2024	14/05/2023	15/05/2022	14/05/2021	14/05/2020
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

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/01/2025	26/07/2025	24/11/2025	Dutch	PDF
Abridged model	31/01/2024	27/07/2024	21/10/2024	Dutch	PDF
Abridged model	31/12/2022	14/05/2023	23/10/2023	Dutch	PDF
Abridged model	31/12/2021	15/05/2022	26/01/2023	Dutch	PDF
Abridged model	31/12/2020	14/05/2021	27/10/2021	Dutch	PDF
Abridged model	31/12/2019	14/05/2020	28/10/2020	Dutch	PDF
Abridged model	31/12/2018	14/05/2019	07/10/2019	Dutch	PDF
Abridged model	31/12/2017	14/05/2018	27/09/2018	Dutch	PDF
Abridged model	31/12/2016	14/05/2017	27/09/2017	Dutch	PDF
Abridged model	31/12/2015	14/05/2016	30/09/2016	Dutch	PDF
Abridged model	31/12/2014	14/05/2015	12/10/2015	Dutch	PDF
Abridged model	31/12/2013	14/05/2014	25/09/2014	Dutch	PDF
Abridged model	31/12/2012	14/05/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	14/05/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	13/05/2011	12/07/2011	Dutch	PDF
Abridged model	31/12/2009	14/05/2010	23/09/2010	Dutch	PDF
Abridged model	31/12/2008	15/05/2009	03/03/2010	Dutch	PDF
Abridged model	31/12/2007	16/05/2008	03/03/2010	Dutch	PDF
Abridged model	31/12/2006	18/05/2007	03/03/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Governance

Board of directors

Seen on filing of 31/01/2025 · 1 active · 6 ended

Active mandates

Lode Devos

Director · since 29 juin 2006

Active

Ended mandates

Lode Devos

Director

Ended

Lode Devos

Manager

Ended

LODE DEVOS

Mandate

Ended

Wilfer Devos

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Registered office07/03/2016
MAATSCHAPPELIJKE ZETEL
PDF
Mandates19/07/2006
MAATSCHAPPELIJKE ZETEL - BENAMING - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025918,5 k €↑
2024
Annual accounts 2024646,5 k €↑
2022
Annual accounts 2022437,7 k €↑
2021
Annual accounts 2021301,5 k €↑
2020
Annual accounts 2020119,2 k €↑
2019
Annual accounts 201994,1 k €↑
2018
Annual accounts 201848,4 k €↑
2017
Annual accounts 201720,1 k €↓
2016
Annual accounts 201627,0 k €↑
2015
Annual accounts 201517,4 k €↓
2014
Annual accounts 201484,3 k €↑
2013
Annual accounts 201376,7 k €↓
2012
Annual accounts 201286,8 k €↑
2011
Annual accounts 201170,0 k €↑
2010
Annual accounts 201021,6 k €↑
2009
Annual accounts 200912,8 k €↓
2008
Annual accounts 200815,0 k €↓
2007
Annual accounts 200736,5 k €↑
2006
Annual accounts 20067,8 k €
03/10/1988
IncorporationPrivate 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

DEVORO

Overview

What does DEVORO do?

Trend over 19 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