EG EVOLUTION
ActiveSummary
The computed 12-month bankruptcy probability of EG EVOLUTION is 4.5% (elevated). The 2025 annual accounts show equity of €3,982 and a net result of €9,624. Its solvency ranks better than 28% of 13560 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+49
Solvency29▲+9
Growth78
Track record94
Bankruptcy probability, 12 months
4.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.85 against 0.53 in 2024; short-term debt: 31.9% and cash: 18.1% of total assets), and 96.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
on the day
2024
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€3,982
2024 · -€5,642
Total assets
€107,365▼ 2.5%
2024 · €110,108
Net result
€9,624
2024 · -€8,642
Working capital
-€4,989▲ 66.5%
2024 · -€14,903
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result-€3,185-€14,160
Net result-€8,642-€9,624
Equity-€5,642-€3,982
Total assets€110,108-€107,365▼ 2.5%
Debt€115,750-€103,383▼ 10.7%
Working capital-€14,903--€4,989▲ 66.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €14,160 after a loss of €3,185 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107,365
Fixed assets
€78,120 ▼ 16.0%
Current assets
€29,245 ▲ 71.3%
Equity and liabilities €107,365
Equity
€3,982
Debt
€103,383
Debt finances 96.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€34,606▲
2024 · €14,794
Cash flow
€30,071▲
2024 · €9,337
Current ratio
0.85▲
2024 · 0.53
Quick ratio
0.71▲
2024 · 0.38
Debt to equity
25.96▲
2024 · -20.52
ROE
241.7%
ROA
9.0%▲
2024 · -7.8%
Interest coverage
7.45▲
2024 · 2.61
Debt ≤ 1 year
€34,234▲
2024 · €31,976
Debt > 1 year
€65,822▼
2024 · €83,774
Income taxes
€0▼
2024 · €1
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,155 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
2.6%
went bankrupt
2.6%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,155 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
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,979 | €20,447 | ▲ 13.7% |
| Other operating charges640/8 | €1,077 | €1,871 | ▲ 73.8% |
| Non-recurring operating charges66A | - | €12 | - |
| Gross operating margin9900 | €15,871 | €36,490 | ▲ 130% |
| Operating profit (loss)9901 | -€3,185 | €14,160 | ▲ 545% |
| Financial income75/76B | €206 | €112 | ▼ 45.6% |
| Recurring financial income75 | €206 | €112 | ▼ 45.6% |
| Financial charges65/66B | €5,661 | €4,648 | ▼ 17.9% |
| Recurring financial charges65 | €5,661 | €4,648 | ▼ 17.9% |
| Profit (loss) for the period before taxes9903 | -€8,641 | €9,624 | ▲ 211% |
| Income taxes67/77 | €1 | €0 | ▼ 98.6% |
| Profit (loss) for the period9904 | -€8,642 | €9,624 | ▲ 211% |
| Profit (loss) for the period to be appropriated9905 | -€8,642 | €9,624 | ▲ 211% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €110,108 | €107,365 | ▼ 2.5% |
| Fixed assets21/28 | €93,035 | €78,120 | ▼ 16.0% |
| Intangible fixed assets21 | €13,646 | €10,146 | ▼ 25.6% |
| Tangible fixed assets22/27 | €79,389 | €67,974 | ▼ 14.4% |
| Plant, machinery and equipment23 | €24,849 | €19,383 | ▼ 22.0% |
| Furniture and vehicles24 | €8,485 | €10,163 | ▲ 19.8% |
| Other tangible fixed assets26 | €46,055 | €38,428 | ▼ 16.6% |
| Current assets29/58 | €17,073 | €29,245 | ▲ 71.3% |
| Stocks and contracts in progress3 | €5,000 | €5,000 | = |
| Stocks30/36 | €5,000 | €5,000 | = |
| Amounts receivable within one year40/41 | €5,391 | €3,134 | ▼ 41.9% |
| Trade receivables40 | - | €15 | - |
| Other amounts receivable41 | €5,391 | €3,119 | ▼ 42.1% |
| Cash at bank and in hand54/58 | €4,995 | €19,410 | ▲ 289% |
| Deferred charges and accrued income490/1 | €1,687 | €1,701 | ▲ 0.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €110,108 | €107,365 | ▼ 2.5% |
| Equity10/15 | -€5,642 | €3,982 | ▲ 171% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€8,642 | €982 | ▲ 111% |
| Amounts payable17/49 | €115,750 | €103,383 | ▼ 10.7% |
| Amounts payable after more than one year17 | €83,774 | €65,822 | ▼ 21.4% |
| Financial debts170/4 | €83,774 | €65,822 | ▼ 21.4% |
| Amounts payable within one year42/48 | €31,976 | €34,234 | ▲ 7.1% |
| Current portion of amounts payable after more than one year42 | €18,425 | €19,406 | ▲ 5.3% |
| Financial debts43 | €3,239 | €0 | ▼ 100% |
| Credit institutions430/8 | €3,239 | €0 | ▼ 100% |
| Trade debts44 | €10,313 | €13,597 | ▲ 31.8% |
| Suppliers440/4 | €10,313 | €13,597 | ▲ 31.8% |
| Other amounts payable47/48 | - | €1,232 | - |
| Accrued charges and deferred income492/3 | - | €3,327 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€8,642 | €9,624 | ▲ 211% |
| + Depreciation and write-downs630 | €17,979 | €20,447 | ▲ 13.7% |
| Operating cash flow (approximation) | €9,337 | €30,071 | ▲ 222% |
| Investment in fixed assets (approximation) | - | -€5,532 | - |
| Change in cash | - | €14,415 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-09
State Gazette act
Appointment: Mohammed Al-Zeaidi (non-statutory director)Resignation: Hilal Safi (non-statutory director)3 facts ▸
State Gazette act
Appointment: Mohammed Al-Zeaidi (non-statutory director)
Resignation: Hilal Safi (non-statutory director)3 facts ▸
- General meeting, 17-06-2026
- Director appointment, Mohammed Al-Zeaidi (non-statutory director)
- Director resignation, Hilal Safi (non-statutory director)
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €9,624
Net result €9,624 after one loss-making year.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Mohammed Al-Zeaidi
CurrentNon-statutory director · since 01-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2023
Ground area
161 m²
Building footprint
161 m²
Volume, LiDAR
2,974 m³
Parcel 34022G0020/00C000, Flanders · tallest building 22.9 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
KingRibs Kortrijk
since 20232.345.830.677
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022G0020/00C000 | Flanders | 161 m² | 1 · 161 m² | 22.9 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Mohammed Al-Zeaidi |
|
| Hilal Safi |
|
Articles of association
Power of attorney
One provision in the deed
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Recognitions · licences · registrations
Food safety, FASFC
1 siteKortrijk2.345.830.677
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. 4,642 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-05-2023
Fiscal year end30-06
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0801787449
Also
9925:BE0801787449
Registered
02-09-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.