DAVROS EVO CONSTRUCT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 09-07-2026 at the NBB all 13 filings
Turnover
€247,812▲ 11.3%
2020 · €222,697
EBIT margin
0.3%▲ 2.5pp
2020 · -2.2%
Net result
€6,384
2024 · -€20,458
Working capital
€19,100▲ 127%
2024 · €8,420
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€7,599
2025
20182025
Net result
€6,384
2025
middle half of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€20,200
▲ 46.2%
2025
lowest quarter of the sector
20182025
Total assets
€25,915
▼ 49.1%
2025
lowest quarter of the sector
20182025
Debt
€5,716
▼ 84.6%
2025
20182025
Working capital
€19,100
▲ 127%
2025
middle half of the sector
20182025
Solvency
77.9%
▲ 50.8pp
2025
highest quarter of the sector
20182025
Current ratio
4.34
▲ 3.09
2025
highest quarter of the sector
20182025
Return on assets (ROA)
24.6%
▲ 64.8pp
2025
highest quarter of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€189,736€222,697▲ 17.4%€247,812▲ 11.3%
Operating result-€8,207-€1,325-€4,866€698€4,776▲ 584%€13,812▲ 189%-€19,495€7,599
Net result€4,947-€1,336▼ 73.0%-€5,645below the sector's middle half€625below the sector's middle half€3,373within the sector's middle half▲ 440%€9,217within the sector's middle half▲ 173%-€20,458below the sector's middle half€6,384within the sector's middle half
EBIT margin0.7%-2.2%▼ 2.9pp0.3%▲ 2.5pp
Equity€25,368-€26,704▲ 5.3%€21,059within the sector's middle half▼ 21.1%€21,684within the sector's middle half▲ 3.0%€25,057below the sector's middle half▲ 15.6%€34,274within the sector's middle half▲ 36.8%€13,816below the sector's middle half▼ 59.7%€20,200below the sector's middle half▲ 46.2%
Total assets€65,057-€67,820▲ 4.2%€52,341below the sector's middle half▼ 22.8%€50,860below the sector's middle half▼ 2.8%€54,406below the sector's middle half▲ 7.0%€58,281below the sector's middle half▲ 7.1%€50,914below the sector's middle half▼ 12.6%€25,915below the sector's middle half▼ 49.1%
Debt€39,689-€41,116▲ 3.6%€31,282▼ 23.9%€29,176▼ 6.7%€29,349▲ 0.6%€24,007▼ 18.2%€37,099▲ 54.5%€5,716▼ 84.6%
Working capital€23,155-€26,029▲ 12.4%€20,866within the sector's middle half▼ 19.8%€23,682within the sector's middle half▲ 13.5%€17,622below the sector's middle half▼ 25.6%€27,929within the sector's middle half▲ 58.5%€8,420within the sector's middle half▼ 69.9%€19,100within the sector's middle half▲ 127%
Solvency39.0%-39.4%▲ 0.4pp40.2%within the sector's middle half▲ 0.9pp42.6%within the sector's middle half▲ 2.4pp46.1%within the sector's middle half▲ 3.4pp58.8%within the sector's middle half▲ 12.8pp27.1%within the sector's middle half▼ 31.7pp77.9%above the sector's middle half▲ 50.8pp
Current ratio2.28-2.03▼ 0.252.00within the sector's middle half▼ 0.031.98within the sector's middle half▼ 0.022.10within the sector's middle half▲ 0.122.81within the sector's middle half▲ 0.711.25within the sector's middle half▼ 1.564.34above the sector's middle half▲ 3.09
Return on assets (ROA)7.6%-2.0%▼ 5.6pp-10.8%below the sector's middle half▼ 12.8pp1.2%within the sector's middle half▲ 12.0pp6.2%within the sector's middle half▲ 5.0pp15.8%within the sector's middle half▲ 9.6pp-40.2%below the sector's middle half▼ 56.0pp24.6%above the sector's middle half▲ 64.8pp
Staff (FTE)11within the sector's middle half=2▲ 100%22=
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €7,599, after a loss of €19,495 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25,915
Fixed assets
€1,100 ▼ 88.0%
Current assets
€24,815 ▼ 40.6%
Equity and liabilities €25,915
Equity
€20,200 ▲ 46.2%
Debt
€5,716 ▼ 84.6%
Debt's share of the balance-sheet total falls from 72.9% to 22.1%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.28▼
2024 · 2.69
ROE
31.6%▲
2024 · -148.1%
Debt ≤ 1 year
€5,716▼
2024 · €33,339
Staff costs
€1,474▼
2024 · €34,382
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | - |
| full-time | 2 | 2 | - |
| in full-time equivalents | 2 | 2 | - |
| Average over the year, in full-time equivalents | 2 | 2 | 2 |
| Joined | - | - | 2 |
| Left | - | - | 4 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €599 | €20,250 | - | - | - |
| Depreciation and write-downs of the year | €8,187 | €2,526 | €5,801 | €5,735 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €189,736 | €222,697 | €247,812 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €221,791 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €16,555 | €16,881 | €18,769 | €34,382 | €1,474 | ▼ 95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,292 | €7,880 | €8,100 | €8,187 | €2,526 | €5,801 | €5,735 | - | - |
| Other operating charges640/8 | - | - | - | €1,334 | €1,299 | €2,367 | €1,098 | €370 | ▼ 66.3% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €46 | - | - |
| Gross operating margin9900 | €5,183 | €21,740 | €23,643 | €26,773 | €25,482 | €40,750 | €21,766 | €9,443 | ▼ 56.6% |
| Operating profit (loss)9901 | -€8,207 | €1,325 | -€4,866 | €698 | €4,776 | €13,812 | -€19,495 | €7,599 | - |
| Financial income75/76B | - | - | - | €631 | €151 | €632 | €1,015 | €463 | ▼ 54.4% |
| Recurring financial income75 | - | €474 | €579 | €631 | €151 | €632 | €1,015 | €463 | ▼ 54.4% |
| Financial charges65/66B | - | - | - | €704 | €1,554 | €1,117 | €1,979 | €1,678 | ▼ 15.2% |
| Recurring financial charges65 | €1,424 | €799 | €1,058 | €704 | €1,554 | €1,117 | €1,979 | €1,678 | ▼ 15.2% |
| Profit (loss) for the period before taxes9903 | €7,397 | €999 | -€5,645 | €625 | €3,373 | €13,328 | -€20,458 | €6,384 | - |
| Income taxes67/77 | €2,450 | -€337 | - | - | - | €4,111 | - | - | - |
| Profit (loss) for the period9904 | €4,947 | €1,336 | -€5,645 | €625 | €3,373 | €9,217 | -€20,458 | €6,384 | - |
| Profit (loss) for the period to be appropriated9905 | €4,947 | €1,336 | -€5,645 | €625 | €3,373 | €9,217 | -€20,458 | €6,384 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €65,057 | €67,820 | €52,341 | €50,860 | €54,406 | €58,281 | €50,914 | €25,915 | ▼ 49.1% |
| Fixed assets21/28 | €23,776 | €16,423 | €10,601 | €3,014 | €20,738 | €14,936 | €9,155 | €1,100 | ▼ 88.0% |
| Tangible fixed assets22/27 | €22,506 | €15,153 | €9,331 | €1,744 | €19,468 | €13,667 | €7,885 | - | - |
| Plant, machinery and equipment23 | - | - | - | €838 | €17,648 | €12,619 | €7,885 | - | - |
| Furniture and vehicles24 | - | - | - | €906 | €1,820 | €1,048 | - | - | - |
| Financial fixed assets28 | €1,270 | €1,270 | €1,270 | €1,270 | €1,270 | €1,270 | €1,270 | €1,100 | ▼ 13.4% |
| Current assets29/58 | €41,281 | €51,397 | €41,741 | €47,846 | €33,668 | €43,345 | €41,759 | €24,815 | ▼ 40.6% |
| Stocks and contracts in progress3 | €447 | €9,095 | - | - | - | €5,831 | - | - | - |
| Stocks30/36 | - | - | - | - | - | €5,831 | - | - | - |
| Amounts receivable within one year40/41 | €29,545 | €40,320 | €30,035 | €24,620 | €24,175 | €22,227 | €23,493 | €24,815 | ▲ 5.6% |
| Trade receivables40 | - | - | - | €9,142 | €13,280 | €13,272 | €11,988 | €14,465 | ▲ 20.7% |
| Other amounts receivable41 | - | - | - | €15,478 | €10,895 | €8,955 | €11,505 | €10,350 | ▼ 10.0% |
| Cash at bank and in hand54/58 | €8,918 | €247 | €9,933 | €21,400 | €7,667 | €11,032 | €17,126 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €1,826 | €1,826 | €4,255 | €1,140 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €65,057 | €67,820 | €52,341 | €50,860 | €54,406 | €58,281 | €50,914 | €25,915 | ▼ 49.1% |
| Equity10/15 | €25,368 | €26,704 | €21,059 | €21,684 | €25,057 | €34,274 | €13,816 | €20,200 | ▲ 46.2% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | - | €6,200 | - | - | - | - |
| Issued capital100 | - | - | - | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | - | - | - | €12,400 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €11,077 | €11,077 | €11,077 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | - | €9,217 | €9,217 | €9,217 | = |
| Profit (loss) carried forward14 | €17,308 | €18,644 | €12,999 | €13,624 | €16,997 | €16,997 | -€3,461 | €2,923 | - |
| Amounts payable17/49 | €39,689 | €41,116 | €31,282 | €29,176 | €29,349 | €24,007 | €37,099 | €5,716 | ▼ 84.6% |
| Amounts payable after more than one year17 | €21,563 | €15,728 | €10,407 | €5,012 | €13,272 | €8,592 | €3,760 | - | - |
| Financial debts170/4 | - | - | - | €5,012 | €13,272 | €8,592 | €3,760 | - | - |
| Amounts payable within one year42/48 | €18,126 | €25,368 | €20,875 | €24,164 | €16,046 | €15,415 | €33,339 | €5,716 | ▼ 82.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,395 | €9,470 | €4,633 | €4,832 | - | - |
| Financial debts43 | - | - | - | - | - | - | - | €2,020 | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €2,020 | - |
| Trade debts44 | €4,975 | €10,548 | €9,688 | €11,330 | €822 | €894 | €15,550 | €3,696 | ▼ 76.2% |
| Suppliers440/4 | - | - | - | €11,330 | €822 | €894 | €15,550 | €3,696 | ▼ 76.2% |
| Taxes, remuneration and social security45 | - | - | - | €6,202 | €5,754 | €9,888 | €12,957 | - | - |
| Taxes450/3 | - | - | - | €1,033 | €506 | €4,617 | €5,657 | - | - |
| Remuneration and social security454/9 | - | - | - | €5,168 | €5,248 | €5,271 | €7,300 | - | - |
| Other amounts payable47/48 | - | - | - | €1,237 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €31 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,947 | €1,336 | -€5,645 | €625 | €3,373 | €9,217 | -€20,458 | €6,384 | - |
| + Depreciation and write-downs630 | €6,292 | €7,880 | €8,100 | €8,187 | €2,526 | €5,801 | €5,735 | - | - |
| Operating cash flow (approximation) | €11,239 | €9,216 | €2,455 | €8,811 | €5,899 | €15,018 | -€14,723 | €6,384 | - |
| Investment in fixed assets (approximation) | - | -€527 | -€2,277 | -€599 | -€20,251 | €0 | €46 | €8,055 | ▲ 175× |
| Change in cash | - | -€8,671 | €9,686 | €11,467 | -€13,733 | €3,365 | €6,094 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as DAVROS EVO CONSTRUCT has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of DAVROS EVO CONSTRUCT itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for DAVROS EVO CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-07-2026 | 2026-00286406 | |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00351363 | |
| 31-12-2023 | micro format | 13-08-2024 | 2024-00345871 | |
| 31-12-2022 | full format | 26-12-2023 | 2023-00536785 | |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20391526 | |
| 31-12-2020 | micro format | 13-07-2021 | 2021-36600195 | |
| 31-12-2019 | micro format | 16-09-2020 | 2020-53600112 | |
| 31-12-2018 | full format | 28-08-2019 | 2019-55900324 | |
| 31-12-2017 | full format | 06-03-2019 | 2019-06600033 | |
| 31-12-2016 | full format | 23-08-2017 | 2017-47400006 |