ACTIVE

DEVACOR

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Financial year 2025 · closed on 31/03/2025

Net result

96,9 k €

-5.8% YoY

Gross margin

277,7 k €

+16.1% YoY

Equity

1,1 M €

+10.0% YoY

What does DEVACOR do?

DEVACOR is a Private limited company incorporated in 2009. Its main activity is: Activities of holding companies. Its registered office is in Aalter.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0820.024.736

Incorporation

23/10/2009

Legal form

Private limited company

Registered office

Grote-Kapellestraat 49 box A
9910 Aalter · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/03/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 68100Buying and selling of own real estate 68110Buying and selling of own real estate 70200Management consultancy activities 70220Business and other management consultancy activities+2

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	277,7 k €	+16.1%	239,3 k €	-16.4%	286,2 k €	-6.1%	304,9 k €	+164%	115,3 k €	-2.8%	118,6 k €	+36.7%	86,7 k €	-43.1%	152,4 k €	+56.2%	97,6 k €	-28.9%	137,3 k €	-1.6%	139,5 k €	+7.8%	129,5 k €	+23.8%	104,6 k €	+16.2%	90,1 k €	-35.6%	139,8 k €
EBITDA	269,3 k €	+16.5%	231,1 k €	-17.1%	278,7 k €	-6.3%	297,5 k €	+134%	126,9 k €	+23.4%	102,8 k €	+24.5%	82,6 k €	-44.5%	148,7 k €	+54.8%	96,1 k €	-29.3%	136,0 k €	-1.7%	138,4 k €	+8.3%	127,8 k €	+24.2%	102,9 k €	+15.8%	88,8 k €	-36.1%	139,0 k €
Operating result	200,3 k €	+23.2%	162,5 k €	-19.6%	202,1 k €	-9.4%	223,0 k €	+226%	68,4 k €	+45.1%	47,1 k €	+96.6%	24,0 k €	-74.8%	95,0 k €	+108%	45,7 k €	-57.6%	107,8 k €	-1.3%	109,3 k €	+9.7%	99,6 k €	+25.9%	79,1 k €	+5.4%	75,1 k €	-37.8%	120,7 k €
Net result	96,9 k €	-5.8%	102,8 k €	-15.3%	121,3 k €	-33.3%	181,7 k €	+285%	47,2 k €	+151%	18,8 k €	-38.8%	30,7 k €	-43.3%	54,1 k €	+157%	21,1 k €	-69.3%	68,6 k €	+0.9%	68,0 k €	+53.8%	44,2 k €	-31.5%	64,5 k €	+32.6%	48,7 k €	-36.7%	76,9 k €
Balance sheet
Equity	1,1 M €	+10.0%	967,1 k €	+11.9%	864,3 k €	+16.3%	743,0 k €	+32.4%	561,3 k €	+9.2%	514,1 k €	+3.8%	495,3 k €	+6.6%	464,6 k €	+13.2%	410,5 k €	+5.4%	389,4 k €	+21.4%	320,8 k €	+26.9%	252,9 k €	+21.2%	208,7 k €	+44.8%	144,1 k €	+51.0%	95,5 k €
Total assets	1,7 M €	-2.4%	1,8 M €	-1.4%	1,8 M €	-1.6%	1,8 M €	+7.4%	1,7 M €	+30.0%	1,3 M €	-0.2%	1,3 M €	-2.6%	1,3 M €	+7.0%	1,3 M €	+83.0%	684,5 k €	+13.0%	605,6 k €	+8.9%	556,2 k €	+10.3%	504,3 k €	+1.1%	498,6 k €	+31.1%	380,4 k €
Cash	11,4 k €	-9.7%	12,6 k €	-64.7%	35,6 k €	+199%	11,9 k €	-79.7%	58,5 k €	-69.7%	193,5 k €	+239%	57,0 k €	-63.1%	154,4 k €	+32.0%	117,0 k €		–		–		–		–		20,0 k €	-70.4%	67,5 k €
Debts	632,2 k €	-18.0%	770,6 k €	-14.2%	897,7 k €	-16.6%	1,1 M €	-4.9%	1,1 M €	+49.1%	758,8 k €	-4.1%	790,9 k €	-8.9%	868,4 k €	+4.0%	835,2 k €	+190%	287,9 k €	+184%	101,4 k €	-66.6%	303,4 k €	+2.6%	295,6 k €	-16.6%	354,5 k €	+24.4%	284,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 4 ended

Active mandates

Jean-Luc Van Heyste

Director · since 22 octobre 2009

Active

Katty De Corte

Director · since 22 octobre 2009

Active

Ended mandates

Jean-Luc Van Heyste

Manager · since 22 octobre 2009

Ended

Katty De Corte

Manager · since 22 octobre 2009

Ended

Jean-Luc Van Heyste

Mandate

Ended

Katty De Corte

Mandate

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	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/09/2025	12/11/2024	10/11/2023	21/12/2022	29/10/2021	28/10/2020
General meeting	15/09/2025	16/09/2024	18/09/2023	19/09/2022	20/09/2021	14/09/2020
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	15/09/2025	22/09/2025	Dutch	PDF
Micro model	31/03/2024	16/09/2024	12/11/2024	Dutch	PDF
Micro model	31/03/2023	18/09/2023	10/11/2023	Dutch	PDF
Micro model	31/03/2022	19/09/2022	21/12/2022	Dutch	PDF
Micro model	31/03/2021	20/09/2021	29/10/2021	Dutch	PDF
Micro model	31/03/2020	14/09/2020	28/10/2020	Dutch	PDF
Micro model	31/03/2019	16/09/2019	02/10/2019	Dutch	PDF
Micro model	31/03/2018	17/09/2018	18/10/2018	Dutch	PDF
Abridged model	31/03/2017	18/09/2017	26/10/2017	Dutch	PDF
Abridged model	31/03/2016	19/09/2016	01/11/2016	Dutch	PDF
Abridged model	31/03/2015	21/09/2015	30/09/2015	Dutch	PDF
Abridged model	31/03/2014	15/09/2014	25/09/2014	Dutch	PDF
Abridged model	31/03/2013	30/10/2013	03/12/2013	Dutch	PDF
Abridged model	31/03/2012	17/09/2012	12/10/2012	Dutch	PDF
Abridged model	31/03/2011	30/09/2011	27/10/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 4 ended

Active mandates

Jean-Luc Van Heyste

Director · since 22 octobre 2009

Active

Katty De Corte

Director · since 22 octobre 2009

Active

Ended mandates

Jean-Luc Van Heyste

Manager · since 22 octobre 2009

Ended

Katty De Corte

Manager · since 22 octobre 2009

Ended

Jean-Luc Van Heyste

Mandate

Ended

Katty De Corte

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/05/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other04/11/2009
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202596,9 k €↓
2024
Annual accounts 2024102,8 k €↓
2023
Annual accounts 2023121,3 k €↓
2022
Annual accounts 2022181,7 k €↑
2021
Annual accounts 202147,2 k €↑
2020
Annual accounts 202018,8 k €↓
2019
Annual accounts 201930,7 k €↓
2018
Annual accounts 201854,1 k €↑
2017
Annual accounts 201721,1 k €↓
2016
Annual accounts 201668,6 k €↑
2015
Annual accounts 201568,0 k €↑
2014
Annual accounts 201444,2 k €↓
2013
Annual accounts 201364,5 k €↑
2012
Annual accounts 201248,7 k €↓
2011
Annual accounts 201176,9 k €
23/10/2009
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

DEVACOR

Overview

What does DEVACOR do?

Trend over 15 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