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CBP EVOLUTION

Active
Private limited companyfounded 2019active for 7 yearsRue du Vivier 28, 1401 Nivelles, BelgiumKBO/BCE: BE 0722.882.107
Summary

CBP EVOLUTION has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59,560 and a net result of €15,122. Equity is growing by about 20% per year across the filed financial years. Its solvency ranks better than 32% of 20,330 sector peers (NACE 86, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, micro format

Turnover
€124,231▲ 2.9%
2021 · €120,743
EBIT margin
28.0%▲ 8.9pp
2021 · 19.1%
Net result
€15,122▼ 59.9%
2024 · €37,710
Working capital
€13,820▼ 73.5%
2024 · €52,123
Trend over the years

2021 to 2025, 5 financial years 2020 to 2025, 6 financial years

The operating result falls in 2025; 2025 is 57% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€124,231 2022 Operating result€23,606 2025 Net result€15,122 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 86, Human health activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line202020212022202320242025
Turnover€368,615-€120,743▼ 67.2%€124,231▲ 2.9%
Operating result€38,751-€23,102▼ 40.4%€34,769▲ 50.5%€37,287▲ 7.2%€54,829▲ 47.0%€23,606▼ 56.9%
Net result€30,300within the sector's middle half-€16,094below the sector's middle half▼ 46.9%€25,627within the sector's middle half▲ 59.2%€34,227within the sector's middle half▲ 33.6%€37,710within the sector's middle half▲ 10.2%€15,122below the sector's middle half▼ 59.9%
EBIT margin10.5%-19.1%▲ 8.6pp28.0%▲ 8.9pp
Equity€38,380below the sector's middle half-€53,674below the sector's middle half▲ 39.8%€78,501within the sector's middle half▲ 46.3%€106,728within the sector's middle half▲ 36.0%€94,438within the sector's middle half▼ 11.5%€59,560within the sector's middle half▼ 36.9%
Total assets€259,804within the sector's middle half-€63,375below the sector's middle half▼ 75.6%€96,353below the sector's middle half▲ 52.0%€122,675below the sector's middle half▲ 27.3%€202,782within the sector's middle half▲ 65.3%€152,031within the sector's middle half▼ 25.0%
Debt€221,424-€9,701▼ 95.6%€17,852▲ 84.0%€15,947▼ 10.7%€108,344▲ 579%€92,471▼ 14.7%
Working capital-€49,951below the sector's middle half-€47,728within the sector's middle half€72,014within the sector's middle half▲ 50.9%€99,171within the sector's middle half▲ 37.7%€52,123within the sector's middle half▼ 47.4%€13,820within the sector's middle half▼ 73.5%
Solvency14.8%below the sector's middle half-84.7%above the sector's middle half▲ 69.9pp81.5%within the sector's middle half▼ 3.2pp87.0%above the sector's middle half▲ 5.5pp46.6%within the sector's middle half▼ 40.4pp39.2%within the sector's middle half▼ 7.4pp
Current ratio0.77below the sector's middle half-5.92within the sector's middle half▲ 5.155.88within the sector's middle half▼ 0.047.75above the sector's middle half▲ 1.871.67within the sector's middle half▼ 6.081.22within the sector's middle half▼ 0.45
Return on assets (ROA)11.7%within the sector's middle half-25.4%within the sector's middle half▲ 13.7pp26.6%within the sector's middle half▲ 1.2pp27.9%within the sector's middle half▲ 1.3pp18.6%within the sector's middle half▼ 9.3pp9.9%below the sector's middle half▼ 8.6pp
above within below the middle half of NACE 86, Human health activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €152,031
Fixed assets €76,136 ▲ 4.3%
Current assets €75,895 ▼ 41.5%
Equity and liabilities €152,031
Equity €59,560 ▼ 36.9%
Debt €92,471 ▼ 14.7%
Debt's share of the balance-sheet total rises from 53.4% to 60.8%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€31,145▼
2024 · €61,108
Cash flow
€22,661▼
2024 · €43,989
Debt to equity
1.55▲
2024 · 1.15
ROE
25.4%▼
2024 · 39.9%
Interest coverage
9.43▼
2024 · 15.91
Debt ≤ 1 year
€62,075▼
2024 · €77,675
Debt > 1 year
€29,686=
2024 · €29,686
Income taxes
€5,180▼
2024 · €13,278
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 94.9% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
94.9% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,468 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€202,782€152,031▼
Fixed assets21/28€72,984€76,136▲
Tangible fixed assets22/27€72,984€76,136▲
Land and buildings22€50,107€48,554▼
Plant, machinery and equipment23€19,937€22,513▲
Furniture and vehicles24€2,940€5,069▲
Current assets29/58€129,798€75,895▼
Amounts receivable within one year40/41€102,868€37,757▼
Trade receivables40€42,868€33,937▼
Other amounts receivable41€60,000€3,820▼
Cash at bank and in hand54/58€25,428€34,736▲
Deferred charges and accrued income490/1€1,502€3,402▲
Equity and liabilities
Total equity and liabilities10/49€202,782€152,031▼
Equity10/15€94,438€59,560▼
Contributions10/11€8,080€8,080=
Profit (loss) carried forward14€86,358€51,480▼
Amounts payable17/49€108,344€92,471▼
Amounts payable after more than one year17€29,686€29,686=
Financial debts170/4€29,686€29,686=
Amounts payable within one year42/48€77,675€62,075▼
Current portion of amounts payable after more than one year42€10,793-
Trade debts44€1,336€993▼
Suppliers440/4€1,336€993▼
Taxes, remuneration and social security45€13,768€7,924▼
Taxes450/3€13,768€7,924▼
Other amounts payable47/48€51,778€53,158▲
Accrued charges and deferred income492/3€983€710▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,279€7,539▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€709-
Other operating charges640/8€7,878€10,375▲
Gross operating margin9900€69,695€41,520▼
Operating profit (loss)9901€54,829€23,606▼
Financial charges65/66B€3,841€3,304▼
Recurring financial charges65€3,841€3,304▼
Profit (loss) for the period before taxes9903€50,988€20,302▼
Income taxes67/77€13,278€5,180▼
Profit (loss) for the period9904€37,710€15,122▼
Profit (loss) for the period to be appropriated9905€37,710€15,122▼
Appropriation of the result
Profit (loss) to be appropriated9906€136,358€101,480▼
Profit (loss) brought forward from the previous period14P€98,648€86,358▼
Profit to be distributed694/7€50,000€50,000=
Return on contributions (dividend)694€50,000€50,000=

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202020212022202320242025Change
Turnover70€368,615€120,743€124,231----
Goods, raw materials, services and sundry goods60/61-€90,661€87,547----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29,009€2,886€3,827€3,952€6,279€7,539▲ 20.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€1,170€709--
Other operating charges640/8-€5,258€644€11,979€7,878€10,375▲ 31.7%
Gross operating margin9900€74,435€31,246€39,240€54,388€69,695€41,520▼ 40.4%
Operating profit (loss)9901€38,751€23,102€34,769€37,287€54,829€23,606▼ 56.9%
Financial income75/76B--€1€8,232---
Recurring financial income75€1,041-€1€8,232---
Financial charges65/66B-€2,088€2,974€2,390€3,841€3,304▼ 14.0%
Recurring financial charges65€249€2,088€2,974€2,390€3,841€3,304▼ 14.0%
Profit (loss) for the period before taxes9903€39,543€21,014€31,796€43,129€50,988€20,302▼ 60.2%
Income taxes67/77€9,243€4,920€6,169€8,902€13,278€5,180▼ 61.0%
Profit (loss) for the period9904€30,300€16,094€25,627€34,227€37,710€15,122▼ 59.9%
Profit (loss) for the period to be appropriated9905€30,300€16,094€25,627€34,227€37,710€15,122▼ 59.9%
Line202020212022202320242025Change
Assets
Total assets20/58€259,804€63,375€96,353€122,675€202,782€152,031▼ 25.0%
Fixed assets21/28€88,331€5,946€9,583€8,814€72,984€76,136▲ 4.3%
Tangible fixed assets22/27€88,331€5,946€9,583€8,814€72,984€76,136▲ 4.3%
Land and buildings22----€50,107€48,554▼ 3.1%
Plant, machinery and equipment23--€4,980€3,887€19,937€22,513▲ 12.9%
Furniture and vehicles24-€5,946€4,603€4,927€2,940€5,069▲ 72.4%
Current assets29/58€171,473€57,429€86,770€113,861€129,798€75,895▼ 41.5%
Stocks and contracts in progress3€7,701------
Amounts receivable within one year40/41€138,942€18,388€22,806€34,982€102,868€37,757▼ 63.3%
Trade receivables40-€15,736€15,193€30,708€42,868€33,937▼ 20.8%
Other amounts receivable41-€2,652€7,613€4,274€60,000€3,820▼ 93.6%
Current investments50/53--€29,750----
Cash at bank and in hand54/58€24,712€37,539€32,712€77,071€25,428€34,736▲ 36.6%
Deferred charges and accrued income490/1-€1,502€1,502€1,808€1,502€3,402▲ 126%
Equity and liabilities
Total equity and liabilities10/49€259,804€63,375€96,353€122,675€202,782€152,031▼ 25.0%
Equity10/15€38,380€53,674€78,501€106,728€94,438€59,560▼ 36.9%
Contributions10/11€8,080€8,080€8,080€8,080€8,080€8,080=
Contributions outside capital11-€8,080€8,080€8,080---
Share premium1100/10-€8,080€8,080€8,080---
Profit (loss) carried forward14€30,300€45,594€70,421€98,648€86,358€51,480▼ 40.4%
Amounts payable17/49€221,424€9,701€17,852€15,947€108,344€92,471▼ 14.7%
Amounts payable after more than one year17--€3,096€1,257€29,686€29,686=
Financial debts170/4--€3,096€1,257€29,686€29,686=
Amounts payable within one year42/48€221,424€9,701€14,756€14,690€77,675€62,075▼ 20.1%
Current portion of amounts payable after more than one year42--€1,783€2,672€10,793--
Trade debts44€111,620€2,581€2,045€3,679€1,336€993▼ 25.7%
Suppliers440/4-€2,581€2,045€3,679€1,336€993▼ 25.7%
Taxes, remuneration and social security45-€6,320€962€2,339€13,768€7,924▼ 42.4%
Taxes450/3-€6,320€962€2,339€13,768€7,924▼ 42.4%
Other amounts payable47/48-€800€9,966€6,000€51,778€53,158▲ 2.7%
Accrued charges and deferred income492/3----€983€710▼ 27.8%
Line202020212022202320242025Change
Profit (loss) for the period9904€30,300€16,094€25,627€34,227€37,710€15,122▼ 59.9%
+ Depreciation and write-downs630€29,009€2,886€3,827€3,952€6,279€7,539▲ 20.1%
Operating cash flow (approximation)€59,309€18,980€29,454€38,179€43,989€22,661▼ 48.5%
Investment in fixed assets (approximation)-€79,499-€7,464-€3,183-€70,449-€10,691▲ 84.8%
Change in cash-€12,827-€4,827€44,359-€51,643€9,308-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (6)
Financial year Type Filed Reference
31-12-2025 micro format 14-06-2026 2026-00174012
31-12-2024 micro format 20-08-2025 2025-00394622
31-12-2023 micro format 22-05-2024 2024-00095101
31-12-2022 micro format 31-08-2023 2023-00425711
31-12-2021 micro format 31-08-2022 2022-20418244
31-12-2020 micro format 26-08-2021 2021-55700397

Similar companies · same sector, comparable size

Of the 12,589 active companies whose main activity is physiotherapy (NACE 86951), figures are known for 2,239. 2,029 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.