ACTIVE

DEVAH

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Financial year 2025 · closed on 31/12/2025

Net result

12,1 k €

-36.0% YoY

Gross margin

31,5 k €

-22.1% YoY

Equity

152,9 k €

-27.9% YoY

What does DEVAH do?

DEVAH is a Private limited company incorporated in 1999. Its main activity is: Computer programming activities. Its registered office is in Herenthout.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0465.658.495

Incorporation

29/04/1999

Legal form

Private limited company

Registered office

Molenstraat 85
2270 Herenthout · FlandreSee on map

Contributed capital

19 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	31,5 k €	-22.1%	40,5 k €	-11.6%	45,8 k €	+4.3%	43,9 k €	-10.1%	48,8 k €	+140%	20,3 k €	+31.1%	15,5 k €	-32.3%	22,9 k €	-1.8%	23,3 k €	+13.2%	20,6 k €	+112%	9,7 k €	+116%	-59,3 k €	-290%	31,3 k €	+13.0%	27,7 k €	+66.7%	16,6 k €	-57.5%	39,0 k €	+1165%	-3,7 k €	-119%	19,3 k €
EBITDA	31,2 k €	-22.1%	40,1 k €	-11.8%	45,4 k €	+5.3%	43,2 k €	-10.2%	48,1 k €	+145%	19,6 k €	+31.9%	14,9 k €	-32.9%	22,2 k €	-2.8%	22,8 k €	+16.0%	19,7 k €	+104%	9,6 k €	+116%	-59,6 k €	-301%	29,7 k €	+13.0%	26,3 k €	+108%	12,7 k €	-66.3%	37,5 k €	+594%	-7,6 k €	-142%	18,2 k €
Operating result	15,3 k €	-34.8%	23,4 k €	-21.1%	29,7 k €	-28.7%	41,6 k €	-0.4%	41,8 k €	+124%	18,7 k €	+41.6%	13,2 k €	-35.3%	20,4 k €	-4.2%	21,3 k €	+12.8%	18,9 k €	+101%	9,4 k €	+116%	-60,0 k €	-314%	28,0 k €	+15.6%	24,2 k €	+135%	10,3 k €	-70.7%	35,2 k €	+439%	-10,4 k €	-160%	17,3 k €
Net result	12,1 k €	-36.0%	19,0 k €	-15.2%	22,3 k €	-24.1%	29,4 k €	+1.9%	28,9 k €	+162%	11,0 k €	+76.4%	6,3 k €	-53.0%	13,3 k €	-28.8%	18,7 k €	+15.2%	16,2 k €	+84.7%	8,8 k €	+114%	-62,6 k €	-378%	22,5 k €	-8.1%	24,5 k €	+383%	5,1 k €	-86.9%	38,7 k €	+655%	-7,0 k €	-168%	10,2 k €
Balance sheet
Equity	152,9 k €	-27.9%	212,2 k €	-0.4%	213,1 k €	-20.1%	266,8 k €	+9.5%	243,6 k €	+24.9%	195,1 k €	+6.0%	184,1 k €	+3.5%	177,8 k €	+8.1%	164,5 k €	+12.8%	145,8 k €	+12.5%	129,5 k €	+7.3%	120,7 k €	-34.1%	183,3 k €	+14.0%	160,8 k €	+17.9%	136,4 k €	+3.9%	131,3 k €	+41.7%	92,6 k €	-7.0%	99,6 k €
Total assets	225,5 k €	-7.3%	243,3 k €	+3.2%	235,8 k €	-19.2%	292,0 k €	+6.3%	274,8 k €	+39.8%	196,5 k €	+6.7%	184,3 k €	+1.5%	181,6 k €	+8.4%	167,5 k €	+11.3%	150,5 k €	+11.2%	135,4 k €	+11.7%	121,3 k €	-34.3%	184,4 k €	+14.4%	161,2 k €	+17.4%	137,3 k €	+3.1%	133,2 k €	+34.9%	98,7 k €	-1.6%	100,4 k €
Cash	187,5 k €	+11.1%	168,7 k €	+21.7%	138,7 k €	-44.0%	247,6 k €	-3.8%	257,4 k €	+53.5%	167,7 k €	+2.8%	163,1 k €	+4.7%	155,8 k €	+9.5%	142,2 k €	+7.6%	132,2 k €	+11.5%	118,6 k €	-1.4%	120,3 k €	-28.9%	169,2 k €	+15.5%	146,5 k €	+18.0%	124,1 k €	+6.8%	116,2 k €	+43.2%	81,2 k €	-14.1%	94,5 k €
Debts	72,6 k €	+134%	31,1 k €	+37.0%	22,7 k €	-9.8%	25,2 k €	-19.3%	31,2 k €	+2098%	1,4 k €	+587%	206,5 €	-94.5%	3,8 k €	+23.2%	3,1 k €	-35.6%	4,8 k €	-19.3%	5,9 k €	+1001%	535,0 €	+33.8%	400,0 €	+926%	39,0 €	-48.7%	76,0 €	-95.4%	1,7 k €	+4531%	36,0 €	-90.8%	390,0 €

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 · 1 active · 5 ended

Active mandates

Ann HOREMANS

Director · since 14 avril 1999

Active

Ended mandates

Ann HOREMANS

Manager · since 14 avril 1999

Ended

Ann Hormans

Manager · since 14 avril 1999

Ended

Ann Horemans

Mandate

Ended

Ann HOREMANS

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	15/04/2026	27/05/2025	26/03/2024	19/06/2023	19/04/2022	01/06/2021
General meeting	13/04/2026	19/05/2025	25/03/2024	01/06/2023	19/04/2022	01/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	13/04/2026	15/04/2026	Dutch	PDF
Micro model	31/12/2024	19/05/2025	27/05/2025	Dutch	PDF
Micro model	31/12/2023	25/03/2024	26/03/2024	Dutch	PDF
Micro model	31/12/2022	01/06/2023	19/06/2023	Dutch	PDF
Micro model	31/12/2021	19/04/2022	19/04/2022	Dutch	PDF
Micro model	31/12/2020	01/06/2021	01/06/2021	Dutch	PDF
Micro model	31/12/2019	04/05/2020	06/05/2020	Dutch	PDF
Micro model	31/12/2018	13/05/2019	21/05/2019	Dutch	PDF
Micro model	31/12/2017	29/03/2018	09/04/2018	Dutch	PDF
Micro model	31/12/2016	26/04/2017	28/04/2017	Dutch	PDF
Abridged model	31/12/2015	01/06/2016	20/06/2016	Dutch	PDF
Abridged model	31/12/2014	02/02/2015	06/02/2015	Dutch	PDF
Abridged model	31/12/2013	25/03/2014	07/05/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	03/06/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	21/06/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	07/06/2010	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	17/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	25/06/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	07/06/2007	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 · 1 active · 5 ended

Active mandates

Ann HOREMANS

Director · since 14 avril 1999

Active

Ended mandates

Ann HOREMANS

Manager · since 14 avril 1999

Ended

Ann Hormans

Manager · since 14 avril 1999

Ended

Ann Horemans

Mandate

Ended

Ann HOREMANS

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/06/2023
WIJZIGING RECHTSVORM - 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 202512,1 k €↓
2024
Annual accounts 202419,0 k €↓
2023
Annual accounts 202322,3 k €↓
2022
Annual accounts 202229,4 k €↑
2021
Annual accounts 202128,9 k €↑
2018
Annual accounts 201811,0 k €↑
2017
Annual accounts 20176,3 k €↓
2016
Annual accounts 201613,3 k €↓
2015
Annual accounts 201518,7 k €↑
2014
Annual accounts 201416,2 k €↑
2013
Annual accounts 20138,8 k €↑
2012
Annual accounts 2012-62,6 k €↓
2011
Annual accounts 201122,5 k €↓
2010
Annual accounts 201024,5 k €↑
2009
Annual accounts 20095,1 k €↓
2008
Annual accounts 200838,7 k €↑
2007
Annual accounts 2007-7,0 k €↓
2006
Annual accounts 200610,2 k €
29/04/1999
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

DEVAH

Overview

What does DEVAH do?

Trend over 18 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