ACTIVE

DEVCO

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Financial year 2025 · closed on 30/06/2025

Net result

32,5 k €

-55.4% YoY

Gross margin

45,6 k €

-57.9% YoY

Equity

618,2 k €

-3.6% YoY

What does DEVCO do?

DEVCO is a Private company with limited liability incorporated in 2000. Its main activity is: Activities of holding companies. Its registered office is in Bierbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0471.099.801

Incorporation

22/02/2000

Legal form

Private company with limited liability

Registered office

Hoegaardsesteenweg(OPV) 46
3360 Bierbeek · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

30/06/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	45,6 k €	-57.9%	108,5 k €	+12.2%	96,7 k €	+287%	25 k €	-29.6%	35,5 k €	-59.8%	88,4 k €	+38.5%	63,8 k €	+8.0%	59,1 k €	-4.7%	62 k €	+23.7%	50,1 k €	+22.6%	40,9 k €	+110%	19,5 k €	-70.4%	65,8 k €	-29.2%	93 k €	+74.2%	53,3 k €	+9.6%	48,7 k €	-12.2%	55,4 k €	-21.4%	70,5 k €	+50.3%	46,9 k €
EBITDA	45,2 k €	-58.2%	108 k €	+12.2%	96,3 k €	+298%	24,2 k €	-29.6%	34,4 k €	-60.9%	87,9 k €	+38.9%	63,3 k €	+8.0%	58,6 k €	-4.8%	61,5 k €	+27.5%	48,3 k €	+20.1%	40,2 k €	+115%	18,7 k €	-71.2%	65,2 k €	-29.4%	92,3 k €	+78.7%	51,7 k €	+16.4%	44,4 k €	-19.1%	54,9 k €	-21.3%	69,8 k €	+51.3%	46,1 k €
Operating result	42,1 k €	-60.0%	105,3 k €	+12.1%	93,9 k €	+315%	22,6 k €	-23.8%	29,7 k €	-63.7%	81,9 k €	+32.3%	61,9 k €	+8.7%	56,9 k €	-3.3%	58,9 k €	+28.6%	45,8 k €	+19.7%	38,3 k €	+423%	7,3 k €	-86.2%	53 k €	-34.2%	80,6 k €	+102%	39,9 k €	+19.8%	33,3 k €	-35.3%	51,5 k €	-25.7%	69,3 k €	+51.8%	45,7 k €
Net result	32,5 k €	-55.4%	72,8 k €	+11.0%	65,6 k €	+483%	11,3 k €	-29.2%	15,9 k €	-71.6%	55,9 k €	+32.8%	42,1 k €	+25.9%	33,5 k €	-7.4%	36,1 k €	+21.9%	29,6 k €	-0.8%	29,9 k €	+8.1%	27,6 k €	-27.8%	38,2 k €	+5.4%	36,3 k €	-37.7%	58,2 k €	+25.8%	46,3 k €	-64.6%	130,7 k €	+170%	48,5 k €	+48.6%	32,6 k €
Balance sheet
Equity	618,2 k €	-3.6%	641,6 k €	+5.0%	610,9 k €	+5.5%	578,8 k €	-4.1%	603,7 k €	+2.7%	587,8 k €	+10.5%	531,9 k €	+8.6%	489,8 k €	+7.3%	456,3 k €	+8.6%	420,2 k €	+7.1%	392,2 k €	+7.8%	363,9 k €	+7.7%	337,9 k €	+12.2%	301,3 k €	+13.0%	266,6 k €	+27.0%	210 k €	-38.9%	343,7 k €	+60.2%	214,6 k €	+28.0%	167,7 k €
Total assets	695,4 k €	-6.1%	740,9 k €	+8.0%	685,9 k €	+10.3%	621,7 k €	+1.7%	611,4 k €	-1.7%	622,1 k €	+11.4%	558,2 k €	+8.6%	514,1 k €	+6.9%	480,8 k €	+10.3%	436 k €	+1.0%	431,6 k €	-2.1%	440,8 k €	+16.8%	377,4 k €	+8.1%	349 k €	+10.2%	316,6 k €	+21.2%	261,1 k €	-29.9%	372,4 k €	+62.7%	228,8 k €	+29.9%	176,2 k €
Cash	222,1 k €	-19.8%	276,9 k €	-18.2%	338,5 k €	-9.3%	373,4 k €	+11.4%	335,2 k €	+16.5%	287,6 k €	-16.3%	343,5 k €	+23.7%	277,7 k €	+8.3%	256,5 k €	+34.0%	191,4 k €	+24.5%	153,7 k €	+12.6%	136,5 k €	-12.2%	155,4 k €	+96.8%	78,9 k €	-24.2%	104,2 k €	-12.5%	119,1 k €	-59.5%	294,1 k €	+855%	30,8 k €	-16.3%	36,8 k €
Debts	76,9 k €	-22.5%	99,3 k €	+32.4%	75 k €	+74.8%	42,9 k €	+458%	7,7 k €	-77.6%	34,3 k €	+30.3%	26,3 k €	+8.1%	24,4 k €	-0.7%	24,5 k €	+55.3%	15,8 k €	-59.5%	39 k €	-49.0%	76,5 k €	+93.5%	39,5 k €	-17.2%	47,7 k €	-3.4%	49,4 k €	-3.3%	51,1 k €	+78.4%	28,7 k €	+102%	14,2 k €	+67.3%	8,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 1 ended

Active mandates

Dirk Devoghel

Director

Active

Ended mandates

Dirk Devoghel

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/02/2026	24/02/2025	20/02/2024	31/01/2023	16/09/2021	30/11/2020
General meeting	04/08/2025	05/08/2024	07/08/2023	01/08/2022	02/08/2021	05/10/2020
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	30/06/2025	04/08/2025	27/02/2026	Dutch	PDF
Abridged model	30/06/2024	05/08/2024	24/02/2025	Dutch	PDF
Abridged model	30/06/2023	07/08/2023	20/02/2024	Dutch	PDF
Abridged model	30/06/2022	01/08/2022	31/01/2023	Dutch	PDF
Abridged model	30/06/2021	02/08/2021	16/09/2021	Dutch	PDF
Abridged model	30/06/2020	05/10/2020	30/11/2020	Dutch	PDF
Abridged model	30/06/2019	05/08/2019	30/10/2019	Dutch	PDF
Abridged model	30/06/2018	06/08/2018	29/10/2018	Dutch	PDF
Abridged model	30/06/2017	07/08/2017	27/10/2017	Dutch	PDF
Abridged model	30/06/2016	01/08/2016	10/10/2016	Dutch	PDF
Abridged model	30/06/2015	03/08/2015	30/09/2015	Dutch	PDF
Abridged model	30/06/2014	04/08/2014	19/11/2014	Dutch	PDF
Abridged model	30/06/2013	05/08/2013	11/10/2013	Dutch	PDF
Abridged model	30/06/2012	06/08/2012	30/09/2012	Dutch	PDF
Abridged model	30/06/2011	01/08/2011	16/11/2011	Dutch	PDF
Abridged model	30/06/2010	02/08/2010	30/09/2010	Dutch	PDF
Abridged model	30/06/2009	03/08/2009	23/10/2009	Dutch	PDF
Abridged model	30/06/2008	04/08/2008	01/12/2008	Dutch	PDF
Abridged model	30/06/2007	06/08/2007	27/09/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 1 ended

Active mandates

Dirk Devoghel

Director

Active

Ended mandates

Dirk Devoghel

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202532,5 k €↓
2024
Annual accounts 202472,8 k €↑
2023
Annual accounts 202365,6 k €↑
2022
Annual accounts 202211,3 k €↓
2021
Annual accounts 202115,9 k €↓
2020
Annual accounts 202055,9 k €↑
2019
Annual accounts 201942,1 k €↑
2018
Annual accounts 201833,5 k €↓
2017
Annual accounts 201736,1 k €↑
2016
Annual accounts 201629,6 k €↓
2015
Annual accounts 201529,9 k €↑
2014
Annual accounts 201427,6 k €↓
2013
Annual accounts 201338,2 k €↑
2012
Annual accounts 201236,3 k €↓
2011
Annual accounts 201158,2 k €↑
2010
Annual accounts 201046,3 k €↓
2009
Annual accounts 2009130,7 k €↑
2008
Annual accounts 200848,5 k €↑
2007
Annual accounts 200732,6 k €
22/02/2000
IncorporationPrivate company with limited liability

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

DEVCO

Overview

What does DEVCO 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

Similar companies

Similar companies

Timeline