ENVOLVE
ActiveSummary
ENVOLVE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €266k and a net result of €86k. Equity is growing by ~25.1% per year across the filed fiscal years. Its solvency ranks better than 82% of 2318 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97▲+1
Solvency94▼-6
Growth78=
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 2.43 against 3.01 in 2024; short-term debt: 30.5% and cash: 73.5% of total assets), and 30.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.5%
Return on assets
22.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
1 d early
2024
10 d early
2023
27 d late
2022
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€266k▲ 12.1%
2024 · €237k
2022: €136klowest in 4 years
2023: €170k▲ +25.2% vs 2022
2024: €237k▲ +39.3% vs 2023
2025: €266k▲ +12.1% vs 2024highest in 4 years
2022 → 2025
Total assets
€383k▲ 24.2%
2024 · €308k
2022: €216klowest in 4 years
2023: €252k▲ +16.7% vs 2022
2024: €308k▲ +22.2% vs 2023
2025: €383k▲ +24.2% vs 2024highest in 4 years
2022 → 2025
Net result
€86k▲ 28.5%
2024 · €67k
2022: €41k
2023: €34k▼ -16.8% vs 2022lowest in 4 years
2024: €67k▲ +95.4% vs 2023
2025: €86k▲ +28.5% vs 2024highest in 4 years
2022 → 2025
Working capital
€167k▲ 17.0%
2024 · €143k
2022: €29klowest in 4 years
2023: €72k▲ +144% vs 2022
2024: €143k▲ +99.7% vs 2023
2025: €167k▲ +17.0% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€136k-€170k▲ 25.2%€237k▲ 39.3%€266k▲ 12.1%
2022: €136klowest in 4 years
2023: €170k▲ +25.2% vs 2022
2024: €237k▲ +39.3% vs 2023
2025: €266k▲ +12.1% vs 2024highest in 4 years
Operating result€38k-€48k▲ 25.4%€93k▲ 93.7%€113k▲ 21.9%
2022: €38klowest in 4 years
2023: €48k▲ +25.4% vs 2022
2024: €93k▲ +93.7% vs 2023
2025: €113k▲ +21.9% vs 2024highest in 4 years
Net result€41k-€34k▼ 16.8%€67k▲ 95.4%€86k▲ 28.5%
2022: €41k
2023: €34k▼ -16.8% vs 2022lowest in 4 years
2024: €67k▲ +95.4% vs 2023
2025: €86k▲ +28.5% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 22% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €383k
Fixed assets
€98k ▲ 5.2%
Current assets
€284k ▲ 32.8%
Equity and liabilities €383k
Equity
€266k ▲ 12.1%
Debt
€117k ▲ 64.5%
Debt's share of the balance-sheet total rises from 23.0% to 30.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€131k▲
2024 · €108k
Cash flow
€104k▲
2024 · €82k
Current ratio
2.43▼
2024 · 3.01
Debt to equity
0.44▲
2024 · 0.30
ROE
32.3%▲
2024 · 28.2%
ROA
22.5%▲
2024 · 21.7%
Interest coverage
475.70▲
2024 · 183.28
Debt ≤ 1 year
€117k▲
2024 · €71k
Income taxes
€27k▲
2024 · €25k
Staff costs
€2k▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€308k€383k▲
Formation expenses20€827€414▼
Fixed assets21/28€94k€98k▲
Tangible fixed assets22/27€80k€85k▲
Plant, machinery and equipment23€40k€35k▼
Furniture and vehicles24€289€185▼
Other tangible fixed assets26€40k€50k▲
Financial fixed assets28€13k€13k=
Current assets29/58€214k€284k▲
Amounts receivable within one year40/41€5k€2k▼
Trade receivables40€2k€2k▼
Other amounts receivable41€3k€515▼
Cash at bank and in hand54/58€209k€282k▲
Deferred charges and accrued income490/1€577€593▲
Equity and liabilities
Total equity and liabilities10/49€308k€383k▲
Equity10/15€237k€266k▲
Contributions10/11€95k€95k=
Reserves13€142k€171k▲
Distributable reserves133€142k€171k▲
Amounts payable17/49€71k€117k▲
Amounts payable within one year42/48€71k€117k▲
Trade debts44€15k€26k▲
Suppliers440/4€15k€26k▲
Taxes, remuneration and social security45€10k€12k▲
Taxes450/3€7k€10k▲
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€46k€79k▲
Income statement
Code20242025
Non-recurring operating income76A-€5
Remuneration, social security and pensions62€2k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€18k▲
Other operating charges640/8€1k€705▼
Non-recurring operating charges66A€10€218▲
Gross operating margin9900€112k€134k▲
Operating profit (loss)9901€93k€113k▲
Financial charges65/66B€592€276▼
Recurring financial charges65€592€276▼
Profit (loss) for the period before taxes9903€92k€113k▲
Income taxes67/77€25k€27k▲
Profit (loss) for the period9904€67k€86k▲
Profit (loss) for the period to be appropriated9905€67k€86k▲
Appropriation of the result
Profit (loss) to be appropriated9906€67k€86k▲
Transfer to equity691/2€67k€29k▼
To other reserves6921€67k€29k▼
Profit to be distributed694/7-€57k
Return on contributions (dividend)694-€57k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | €3k | €1 | - | €5 | - |
| Remuneration, social security and pensions62 | €198 | €279 | €2k | €2k | ▼ 13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €14k | €15k | €18k | ▲ 14.7% |
| Other operating charges640/8 | €789 | €293 | €1k | €705 | ▼ 34.0% |
| Non-recurring operating charges66A | €-27 | €101 | €10 | €218 | ▲ 2,022% |
| Gross operating margin9900 | €51k | €63k | €112k | €134k | ▲ 19.9% |
| Operating profit (loss)9901 | €38k | €48k | €93k | €113k | ▲ 21.9% |
| Financial income75/76B | €10k | - | - | - | - |
| Recurring financial income75 | €10k | - | - | - | - |
| Financial charges65/66B | €245 | €675 | €592 | €276 | ▼ 53.4% |
| Recurring financial charges65 | €245 | €675 | €592 | €276 | ▼ 53.4% |
| Profit (loss) for the period before taxes9903 | €48k | €47k | €92k | €113k | ▲ 22.4% |
| Income taxes67/77 | €7k | €13k | €25k | €27k | ▲ 6.5% |
| Profit (loss) for the period9904 | €41k | €34k | €67k | €86k | ▲ 28.5% |
| Profit (loss) for the period to be appropriated9905 | €41k | €34k | €67k | €86k | ▲ 28.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €216k | €252k | €308k | €383k | ▲ 24.2% |
| Formation expenses20 | €2k | €1k | €827 | €414 | ▼ 49.9% |
| Fixed assets21/28 | €105k | €98k | €94k | €98k | ▲ 5.2% |
| Tangible fixed assets22/27 | €92k | €84k | €80k | €85k | ▲ 6.1% |
| Plant, machinery and equipment23 | €48k | €40k | €40k | €35k | ▼ 11.7% |
| Furniture and vehicles24 | - | - | €289 | €185 | ▼ 36.1% |
| Other tangible fixed assets26 | €44k | €45k | €40k | €50k | ▲ 24.2% |
| Financial fixed assets28 | €13k | €13k | €13k | €13k | = |
| Current assets29/58 | €109k | €154k | €214k | €284k | ▲ 32.8% |
| Amounts receivable within one year40/41 | €1k | €56k | €5k | €2k | ▼ 58.0% |
| Trade receivables40 | €1k | €3k | €2k | €2k | ▼ 9.7% |
| Other amounts receivable41 | - | €53k | €3k | €515 | ▼ 84.0% |
| Cash at bank and in hand54/58 | €100k | €97k | €209k | €282k | ▲ 35.0% |
| Deferred charges and accrued income490/1 | €8k | €588 | €577 | €593 | ▲ 2.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €216k | €252k | €308k | €383k | ▲ 24.2% |
| Equity10/15 | €136k | €170k | €237k | €266k | ▲ 12.1% |
| Contributions10/11 | €95k | €95k | €95k | €95k | = |
| Reserves13 | €41k | €75k | €142k | €171k | ▲ 20.2% |
| Distributable reserves133 | €41k | €75k | €142k | €171k | ▲ 20.2% |
| Amounts payable17/49 | €80k | €82k | €71k | €117k | ▲ 64.5% |
| Amounts payable within one year42/48 | €80k | €82k | €71k | €117k | ▲ 64.5% |
| Trade debts44 | €15k | €17k | €15k | €26k | ▲ 74.7% |
| Suppliers440/4 | €15k | €17k | €15k | €26k | ▲ 74.7% |
| Taxes, remuneration and social security45 | €18k | €18k | €10k | €12k | ▲ 23.3% |
| Taxes450/3 | €16k | €16k | €7k | €10k | ▲ 31.3% |
| Remuneration and social security454/9 | €2k | €2k | €2k | €2k | ▼ 2.8% |
| Other amounts payable47/48 | €46k | €46k | €46k | €79k | ▲ 69.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41k | €34k | €67k | €86k | ▲ 28.5% |
| + Depreciation and write-downs630 | €11k | €14k | €15k | €18k | ▲ 14.7% |
| Operating cash flow (approximation) | €52k | €49k | €82k | €104k | ▲ 25.9% |
| Investment in fixed assets (approximation) | - | €-7k | €-11k | €-23k | ▼ 97.6% |
| Change in cash | - | €-4k | €112k | €73k | ▼ 34.8% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €86k ▲28.5%
Operating result €113k, net result €86k, both a record.
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €237k ▲39.3%
3 profitable years in a row build equity to €237k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet €34k ▼16.8%
Net result drops to €34k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €170k ▲25.2%
2 profitable years in a row build equity to €170k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 2021
Ground area
1.3 ha
Building footprint
1.1 ha
Volume, LiDAR
121,616 m³
Parcel 21362B0253/02F000, Brussels · tallest building 34.4 m, ±2 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
ENVOLVE GYM
since 20212.325.619.045
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0253/02F000 | Brussels | 1.3 ha | 1 · 1.1 ha | 34.4 m · 2 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.
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Of 1,519 companies in sector 93130 we hold annual accounts for 687. 449 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
Founded23-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
93130Fitness centres
93110Operation of sports facilities
Scores and ratios are computed by Checked and are not a credit decision.