ACTIVE

DEVALIN

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Financial year 2025 · closed on 31/03/2025

Net result

3,0 M €

-11.1% YoY

Revenue

20,4 M €

-21.5% YoY

Equity

10,8 M €

+31.0% YoY

Workforce

5,1 ETP

-3.8% YoY

What does DEVALIN do?

DEVALIN is a Public limited company incorporated in 1994. Its registered office is in Wevelgem. It employs on average 5,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.961.879

Incorporation

05/12/1994

Legal form

Public limited company

Registered office

Noordstraat 16
8560 Wevelgem · FlandreSee on map

Contributed capital

1 040 120,03 €

Latest accounts

31/03/2025

Average workforce

5,1 ETP

Joint committees (9)

12002
12003
144
14402
200
20000
20014
214
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008		2007
Income statement
Revenue	20,4 M €	-21.5%	26,0 M €		–		–		–		8,1 M €	+25.2%	6,5 M €		–		–		–		–		–		–		–		–		7,0 M €
EBITDA	4,2 M €	-7.7%	4,6 M €	+47.5%	3,1 M €	+51.5%	2,0 M €	+73.1%	1,2 M €	+228%	360,5 k €	-4.6%	377,7 k €	-36.2%	591,7 k €	+59.9%	370,1 k €	-52.4%	776,8 k €	+56.5%	496,4 k €	+70.3%	291,5 k €	-45.8%	537,9 k €	+236%	160,1 k €	-57.2%	374,1 k €	-25.6%	502,9 k €
Operating result	4,1 M €	-8.1%	4,4 M €	+43.6%	3,1 M €	+51.3%	2,0 M €	+104%	1,0 M €	+606%	142,0 k €	-35.9%	221,7 k €	-43.8%	394,6 k €	+108%	189,7 k €	-67.7%	587,2 k €	+79.7%	326,7 k €	+176%	118,6 k €	-67.8%	368,1 k €	+8395%	4,3 k €	-97.5%	172,8 k €	-38.4%	280,3 k €
Net result	3,0 M €	-11.1%	3,4 M €	+39.6%	2,4 M €	+49.5%	1,6 M €	+63.8%	986,1 k €	+1307%	70,1 k €	-57.7%	165,5 k €	-56.6%	381,3 k €	+69.9%	224,5 k €	-40.8%	379,3 k €	+80.4%	210,2 k €	+107%	101,4 k €	-68.7%	324,3 k €	+2726%	11,5 k €	-91.6%	135,8 k €	-31.4%	198,0 k €
Balance sheet
Equity	10,8 M €	+31.0%	8,2 M €	+34.3%	6,1 M €	+45.6%	4,2 M €	+35.7%	3,1 M €	-15.9%	3,7 M €	+1.9%	3,6 M €	+1.8%	3,6 M €	+3.4%	3,4 M €	+2.4%	3,4 M €	+2.1%	3,3 M €	+2.8%	3,2 M €	+0.1%	3,2 M €	+5.9%	3,0 M €	+10.0%	2,7 M €	+5.2%	2,6 M €
Total assets	17,7 M €	-3.2%	18,3 M €	+31.6%	13,9 M €	+40.5%	9,9 M €	+7.0%	9,3 M €	+7.7%	8,6 M €	+34.0%	6,4 M €	-22.8%	8,3 M €	-4.5%	8,7 M €	-0.7%	8,8 M €	+2.8%	8,5 M €	+34.1%	6,3 M €	+14.2%	5,6 M €	-10.1%	6,2 M €	+15.9%	5,3 M €	+23.9%	4,3 M €
Cash	2,5 M €	+414%	492,7 k €	-75.2%	2,0 M €	+126%	876,4 k €	+6063%	14,2 k €	-98.6%	990,4 k €	+17.7%	841,2 k €	+124%	375,8 k €	+4447%	8,3 k €	-96.2%	218,0 k €	-89.4%	2,1 M €	+1335%	143,5 k €	-56.6%	330,8 k €	+142%	136,7 k €	-44.6%	246,5 k €	-12.9%	283,0 k €
Debts	6,8 M €	-27.4%	9,4 M €	+23.0%	7,6 M €	+40.3%	5,4 M €	-6.1%	5,8 M €	+48.1%	3,9 M €	+61.4%	2,4 M €	-45.2%	4,4 M €	-13.5%	5,1 M €	-5.0%	5,4 M €	+3.3%	5,2 M €	+66.0%	3,1 M €	+33.4%	2,4 M €	-25.4%	3,2 M €	+22.6%	2,6 M €	+53.1%	1,7 M €
Other
Workforce	5,1 ETP	-3.8%	5,3 ETP	+20.5%	4,4 ETP	+4.8%	4,2 ETP	-14.3%	4,9 ETP	0.0%	4,9 ETP	-10.9%	5,5 ETP	-20.3%	6,9 ETP	+21.1%	5,7 ETP	+21.3%	4,7 ETP	+14.6%	4,1 ETP	-26.8%	5,6 ETP	-12.5%	6,4 ETP	-4.5%	6,7 ETP	-8.2%	7,3 ETP	-7.6%	7,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 21 ended

Active mandates

DECOENE INVESTMENT COMPANY

Director · 0716.821.882

Represented by Olivier DECOENE

Active

PRODECO M&I

Director · 0808.023.064

Represented by Vincent DECOENE

Active

Ended mandates

Olivier Decoene

Director · since 01 janvier 2011 · until 06 septembre 2014

Ended

Olivier Decoene

Director · since 01 janvier 2011

Ended

Anne Marie PROVOOST

Director

Ended

Anne-Marie Provoost

Director · until 06 septembre 2014

Ended

At this address

Other companies at this address

Company	CBE no.
DECOENE INVESTMENT COMPANY● Active	0716.821.882
DEVALIN AGRI● Active	0722.764.618
OD-Racing● Active	0768.997.489

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2019
Type of account	Full model	Full model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/01/2020	01/04/2018
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	15 months	21 months
Filing date	29/10/2025	31/10/2024	30/09/2023	20/07/2022	30/10/2021	15/04/2020
General meeting	24/10/2025	30/10/2024	14/07/2023	08/07/2022	30/09/2021	04/04/2020
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
Full model	31/03/2025	24/10/2025	29/10/2025	Dutch	PDF
Full model	31/03/2024	30/10/2024	31/10/2024	Dutch	PDF
Abridged model	31/03/2023	14/07/2023	30/09/2023	Dutch	PDF
Abridged model	31/03/2022	08/07/2022	20/07/2022	Dutch	PDF
Abridged model	31/03/2021	30/09/2021	30/10/2021	Dutch	PDF
Abridged model	31/12/2019	04/04/2020	15/04/2020	Dutch	PDF
Full model	31/03/2018	30/06/2018	02/07/2018	Dutch	PDF
Full model	31/03/2017	04/09/2017	28/11/2017	Dutch	PDF
Abridged model	31/03/2016	05/09/2016	10/11/2016	Dutch	PDF
Abridged modelCorrection	31/03/2015	07/09/2015	23/11/2015	Dutch	PDF
Abridged model	31/03/2015	07/09/2015	30/09/2015	Dutch	PDF
Abridged model	31/03/2014	01/09/2014	10/10/2014	Dutch	PDF
Abridged model	31/03/2013	02/09/2013	05/11/2013	Dutch	PDF
Abridged model	31/03/2012	01/09/2012	30/11/2012	Dutch	PDF
Abridged model	31/03/2011	01/09/2011	30/11/2011	Dutch	PDF
Abridged model	31/03/2010	01/09/2010	29/11/2010	Dutch	PDF
Abridged model	31/03/2009	01/09/2009	16/11/2009	Dutch	PDF
Abridged model	31/03/2008	01/09/2008	28/11/2008	Dutch	PDF
Full model	31/03/2007	03/09/2007	31/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 31/03/2025 · 2 active · 21 ended

Active mandates

DECOENE INVESTMENT COMPANY

Director · 0716.821.882

Represented by Olivier DECOENE

Active

PRODECO M&I

Director · 0808.023.064

Represented by Vincent DECOENE

Active

Ended mandates

Olivier Decoene

Director · since 01 janvier 2011 · until 06 septembre 2014

Ended

Olivier Decoene

Director · since 01 janvier 2011

Ended

Anne Marie PROVOOST

Director

Ended

Anne-Marie Provoost

Director · until 06 septembre 2014

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Annual accounts29/12/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - JAARREKENINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Restructuring08/04/2019
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other10/01/2019
DOEL
PDF
Mandates28/05/2018
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/01/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/04/2014
KAPITAAL - AANDELEN
PDF
Mandates22/03/2011
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/10/2009
KAPITAAL - AANDELEN
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 20253,0 M €↓
2024
Annual accounts 20243,4 M €↑
2023
Annual accounts 20232,4 M €↑
2022
Annual accounts 20221,6 M €↑
2021
Annual accounts 2021986,1 k €↑
2018
Annual accounts 201870,1 k €↓
2017
Annual accounts 2017165,5 k €↓
2016
Annual accounts 2016381,3 k €↑
2015
Annual accounts 2015224,5 k €↓
2014
Annual accounts 2014379,3 k €↑
2013
Annual accounts 2013210,2 k €↑
2012
Annual accounts 2012101,4 k €↓
2011
Annual accounts 2011324,3 k €↑
2010
Annual accounts 201011,5 k €↓
2008
Annual accounts 2008135,8 k €↓
2007
Annual accounts 2007198,0 k €
05/12/1994
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

DEVALIN

Overview

What does DEVALIN do?

Trend over 16 financial years

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