DrivOlution
ActiveSummary
DrivOlution is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€533,559) and a net result of -€546,370. Equity is shrinking by about 32% per year across the filed financial years. Its solvency ranks better than 5% of 604 sector peers (NACE 66, financial year 2025). The company has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 11.8 FTE
- Equity
- -€533,559
- Loss
- -€546,370
- Parent
- BALOISE BELGIUM · 100%
Signalsraises riskWeak solvency vs sectorneutralLatest accounts filed on timeShow the evidence
Checked score
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
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Signals
This company filed its last 7 accounts on average 56 days before the deadline; the sector median (NACE 66) for financial year 2024 is 5 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Weakest financial yearnet -€546,370
- Capital & shares · Amendment of…Auditor report · Capital increase…
Financials · financial year 2025, full format
Source amounts without an identifiable currency are assumed to be EUR.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €509,027 in 2025 against €436,177 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance 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), Staff (FTE).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €975 | - | €2,660 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €823,422 | €707,836 | €762,457 | €809,040 | €951,410 | ▲ 17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €96,853 | €115,532 | €167,702 | €181,042 | €162,554 | €153,801 | €144,433 | €93,163 | ▼ 35.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €740 | €9,214 | - | €5,587 | €2,953 | ▼ 47.2% |
| Other operating charges640/8 | - | - | - | €2,298 | €1,964 | €2,437 | €9,377 | €10,268 | ▲ 9.5% |
| Non-recurring operating charges66A | - | - | - | - | €799 | - | - | - | - |
| Gross operating margin9900 | €670,036 | €599,624 | €643,612 | €932,386 | €608,712 | €586,979 | €532,260 | €548,766 | ▲ 3.1% |
| Operating profit (loss)9901 | €107,296 | -€114,495 | -€260,689 | -€75,115 | -€273,656 | -€331,716 | -€436,177 | -€509,027 | ▼ 16.7% |
| Financial income75/76B | - | - | - | €12,528 | €6,038 | €29,011 | €753 | €1,535 | ▲ 104% |
| Recurring financial income75 | €1,002 | €369 | €6,656 | €19 | €81 | €190 | €753 | €1,535 | ▲ 104% |
| Non-recurring financial income76B | - | - | - | €12,508 | €5,957 | €28,820 | - | - | - |
| Financial charges65/66B | - | - | - | €5,116 | €10,365 | €10,297 | €19,828 | €37,500 | ▲ 89.1% |
| Recurring financial charges65 | €665 | €406 | €2,777 | €4,357 | €8,802 | €9,232 | €19,828 | €37,500 | ▲ 89.1% |
| Non-recurring financial charges66B | - | - | - | €759 | €1,563 | €1,065 | - | - | - |
| Profit (loss) for the period before taxes9903 | €107,633 | -€114,533 | -€256,810 | -€67,704 | -€277,983 | -€313,003 | -€455,252 | -€544,992 | ▼ 19.7% |
| Income taxes67/77 | €37,881 | €1,211 | €2,001 | €1,369 | €1,371 | €1,496 | €1,849 | €1,379 | ▼ 25.4% |
| Profit (loss) for the period9904 | €69,752 | -€115,744 | -€258,810 | -€69,073 | -€279,354 | -€314,499 | -€457,101 | -€546,370 | ▼ 19.5% |
| Profit (loss) for the period to be appropriated9905 | €69,752 | -€115,744 | -€258,810 | -€69,073 | -€279,354 | -€314,499 | -€457,101 | -€546,370 | ▼ 19.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.2m | €1.1m | €1.0m | €0.9m | €0.8m | €0.9m | €0.6m | €0.5m | ▼ 16.1% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.3m | €0.4m | €0.5m | €0.5m | €0.4m | €0.4m | €0.2m | €0.2m | ▼ 18.2% |
| Intangible fixed assets21 | €0.1m | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | €0.1m | €0.09m | ▼ 24.5% |
| Tangible fixed assets22/27 | €0.2m | €0.1m | €0.2m | €0.1m | €0.08m | €0.1m | €0.1m | €0.07m | ▼ 29.8% |
| Plant, machinery and equipment23 | - | - | - | €0.009m | €0.002m | €0.004m | €0.005m | €0.003m | ▼ 45.0% |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.07m | €0.1m | €0.09m | €0.06m | ▼ 29.0% |
| Financial fixed assets28 | €0.009m | €0.009m | €0.009m | - | - | - | - | €0.02m | - |
| Current assets29/58 | €0.9m | €0.7m | €0.4m | €0.5m | €0.5m | €0.5m | €0.4m | €0.3m | ▼ 14.9% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.3m | €0.4m | €0.3m | €0.4m | €0.3m | €0.3m | ▼ 14.1% |
| Trade receivables40 | - | - | - | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 9.2% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.01m | €0.02m | €0.02m | €0.002m | ▼ 90.3% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.6m | €0.4m | €0.1m | €0.08m | €0.09m | €0.1m | €0.05m | €0.03m | ▼ 49.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.04m | €0.03m | €0.01m | €0.03m | ▲ 103% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €1.0m | €0.9m | €0.8m | €0.9m | €0.6m | €0.5m | ▼ 16.1% |
| Equity10/15 | €1.1m | €0.9m | €0.7m | €0.6m | €0.3m | €0.4m | -€0.01m | -€0.5m | ▼ 4,277% |
| Contributions10/11 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €1.3m | €1.3m | €1.3m | ▲ 1.9% |
| Capital10 | - | - | - | €0.9m | €0.9m | €1.3m | €1.3m | €1.3m | ▲ 1.9% |
| Issued capital100 | - | - | - | €0.9m | €0.9m | €1.3m | €1.3m | €1.3m | ▲ 1.9% |
| Contributions outside capital11 | - | - | - | - | - | - | - | €0.001m | - |
| Share premium1100/10 | - | - | - | - | - | - | - | €0.001m | - |
| Reserves13 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | €0.2m | €0.04m | -€0.2m | -€0.3m | -€0.6m | -€0.9m | -€1.3m | -€1.9m | ▼ 40.7% |
| Amounts payable17/49 | €0.2m | €0.2m | €0.3m | €0.3m | €0.5m | €0.4m | €0.6m | €1.1m | ▲ 65.6% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | - | €0.4m | - |
| Financial debts170/4 | - | - | - | - | - | - | - | €0.4m | - |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.3m | €0.3m | €0.5m | €0.4m | €0.6m | €0.6m | ▼ 1.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.2m | €0.2m | - | - | - |
| Trade debts44 | €0.1m | €0.1m | €0.05m | €0.1m | €0.09m | €0.1m | €0.2m | €0.2m | ▲ 3.7% |
| Suppliers440/4 | - | - | - | €0.1m | €0.09m | €0.1m | €0.2m | €0.2m | ▲ 3.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.08m | €0.09m | €0.08m | €0.05m | €0.05m | ▼ 1.8% |
| Taxes450/3 | - | - | - | €0.007m | €0.02m | €0.006m | - | - | - |
| Remuneration and social security454/9 | - | - | - | €0.07m | €0.06m | €0.07m | €0.05m | €0.05m | ▼ 1.8% |
| Other amounts payable47/48 | - | - | - | - | €0.1m | - | €0.4m | €0.4m | ▼ 4.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.004m | €0.01m | €0.008m | €0.05m | ▲ 533% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69,752 | -€115,744 | -€258,810 | -€69,073 | -€279,354 | -€314,499 | -€457,101 | -€546,370 | ▼ 19.5% |
| + Depreciation and write-downs630 | €96,853 | €115,532 | €167,702 | €181,042 | €162,554 | €153,801 | €144,433 | €93,163 | ▼ 35.5% |
| Operating cash flow (approximation) | €166,605 | -€212 | -€91,108 | €111,969 | -€116,800 | -€160,698 | -€312,668 | -€453,208 | ▼ 44.9% |
| Investment in fixed assets (approximation) | - | -€223,986 | -€300,238 | -€102,097 | -€52,726 | -€170,135 | €2,975 | -€52,873 | - |
| Change in cash | - | -€260,202 | -€251,735 | -€35,103 | €17,377 | €11,255 | -€50,510 | -€27,210 | ▲ 46.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 30-06-2026 | 2026-00249172 |
| 31-12-2024 | abbreviated format | 03-06-2025 | 2025-00119841 |
| 31-12-2023 | abbreviated format | 04-06-2024 | 2024-00107908 |
| 31-12-2022 | abbreviated format | 23-05-2023 | 2023-00091996 |
| 31-12-2021 | abbreviated format | 19-05-2022 | 2022-20034897 |
| 31-12-2020 | abbreviated format | 11-06-2021 | 2021-18800536 |
| 31-12-2019 | abbreviated format | 10-06-2020 | 2020-15600346 |
| 31-12-2018 | abbreviated format | 22-05-2019 | 2019-13800163 |
| 31-12-2017 | abbreviated format | 05-06-2018 | 2018-15500340 |
| 31-12-2016 | abbreviated format | 23-05-2017 | 2017-12800257 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · €3,664 awarded · €3,664 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,363 | €1,363 |
| 2024 | 1 | €767 | €767 |
| 2023 | 1 | €1,534 | €1,534 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
2 ownersChain of control
- Helvetia Baloise Holding AGCH
- BALOISE (Luxembourg) HOLDING S.A.LU
- BALOISE BELGIUM
- DrivOlution
Highest known parent: Helvetia Baloise Holding AG (Switzerland). The sources do not say who stands above it.
Owners 2
- BALOISE BELGIUMparentSourceown accounts 2025100%
- Helvetia Baloise Holding AGCHconsolidating parentconsolidates
According to the 2025 annual accounts of DrivOlution and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- Baloise Belgium €25,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 03-07-2025 Capital increase of €24,166.68 · to €1,329,166.68 · 3 new shares
- 03-07-2025 Capital increase of €833.32 · to €1,330,000 · no new shares · from reserves
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
03-07
Gazette deed
Capital & shares · Amendment of the articlesAuditor report · Capital increase · Capital contribution15 facts ▸
- General meeting, 20-06-2025
- Other provision, “Eerste besluit - kennisname verslagen inbreng in natura”, 20-06-2025 (deed in Dutch)
- Auditor report, “geen bevindingen van materieel belang, Commissaris” (deed in Dutch)
- Other provision, “overige aangelegenheid - laattijdige overhandiging, stukken en informatie niet tijdig overhandigd” (deed in Dutch)
- Other provision, “beoordeling of financiële en boekhoudkundige gegevens in bijzonder verslag van het bestuursorgaan in alle van materieel belang zijnde opzichten getrouw en voldo…” (deed in Dutch)
- Other provision, “Beperking van het gebruik van dit verslag, kapitaalverhoging door middel van inbreng in natura en uitgifte van nieuwe aandelen” (deed in Dutch)
- Auditor report, 20-06-2025
- Capital increase, €24,166.68
- Capital contribution, €25,000
- Other provision, “uitgiftepremie boeking, Uitgiftepremie” (deed in Dutch)
- Capital increase, €833.32
- Capital, €1,330,000
- +3 further facts in this act
About the unread acts
Of the 16 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 15 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 21 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Quality registration as a provider
1 live approvalEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24038D0243/00D002 | Flanders | 1.1 ha | 1 · 1,940 m² | 20.6 m · 6 |
How the parcels are linked
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- Other provision: “Verantwoordelijkheid bestuursorgaan betreffende inbreng en uitgifte” (deed in Dutch)
Read from the deeds: 1 provision, deed of 03-07-2025