Equity
ENVOLVE paid out €57,300 in dividends. That is 67% of the 2025 profit.
ENVOLVE paid out €57,300 in dividends. That is 67% of the 2025 profit.
The micro format states no turnover.
The 2022 accounts came latest: 30 days after the end of the period.
Higher net result than 93% of companies in sports and recreation. Sector median €3,711 · 2,877 companies.
The dashed line is the sector median: 0.3% across 4,270 companies (NACE 93, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 93, micro). It does better than 81% of them on solvency, 87% on liquidity, 86% on profitability and 62% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 39,278 companies had the same profile as ENVOLVE has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ENVOLVE itself is lower: < 0.1% within 12 months. It rests on far more data about ENVOLVE than the profile alone.
The method was tested on the 497,447 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 39,278 companies, not a prediction for ENVOLVE. 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.
Liquidity is ample, with a current ratio of 2.43 (3.01 in 2024), above the usual 1.5. Short-term debt is 30.5% and cash 73.5% of total assets. 30.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 12 days after the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ENVOLVE Etterbeek | €383,032 | €133,882 | 69.5% | - |
| Alfa Gym Roeselare | €410,933 | €138,222 | 9.8% | - |
| 123 FIT GROUP Lanaken | €457,480 | €109,417 | 56.4% | - |
| Komorebi Hasselt | €288,464 | €133,933 | 47.5% | - |
| Fit Factory 9940 Evergem | €273,162 | €128,918 | 51.8% | - |
| INFRA SLIM X Tienen | €286,033 | €158,292 | 58.0% | - |
| SDL Sports Antwerpen Antwerp | €320,026 | €184,138 | -40.0% | 3.6 |
These companies have the same main activity as ENVOLVE: fitness centres (NACE 93130). They are comparable in size and age: total assets between €273,000 and €457,000, founded between 2021 and 2022.
ENVOLVE files the micro format. That format states no turnover. The gross margin rose from €50,556 in 2022 to €133,882 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €330,000. Estimated: probably between €220,000 and €520,000.
Higher than 81% of 2,882 companies in 2025.
Higher than 76% of 2,767 companies in 2025.
Higher than 84% of 2,791 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 2 people joined and 2 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
383,032 | 308,466 | 252,470 | 216,255 | |
20 |
414 | 827 | 1,239 | 1,652 | |
21/28 |
98,428 | 93,568 | 97,591 | 105,116 | |
22/27 |
85,075 | 80,214 | 84,410 | 92,436 | |
23 |
35,378 | 40,070 | 39,859 | 48,463 | |
24 |
185 | 289 | - | - | |
26 |
49,512 | 39,855 | 44,551 | 43,972 | |
28 |
13,354 | 13,354 | 13,180 | 12,680 | |
29/58 |
284,189 | 214,071 | 153,639 | 109,486 | |
40/41 |
2,077 | 4,941 | 56,447 | 1,372 | |
40 |
1,562 | 1,729 | 3,423 | 1,372 | |
41 |
515 | 3,212 | 53,024 | - | |
54/58 |
281,520 | 208,553 | 96,605 | 100,304 | |
490/1 |
593 | 577 | 588 | 7,810 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
383,032 | 308,466 | 252,470 | 216,255 | |
10/15 |
266,136 | 237,409 | 170,450 | 136,175 | |
10/11 |
95,000 | 95,000 | 95,000 | 95,000 | |
13 |
171,136 | 142,409 | 75,450 | 41,175 | |
133 |
171,136 | 142,409 | 75,450 | 41,175 | |
17/49 |
116,896 | 71,057 | 82,020 | 80,079 | |
42/48 |
116,896 | 71,057 | 82,020 | 80,079 | |
44 |
26,328 | 15,068 | 17,248 | 15,410 | |
440/4 |
26,328 | 15,068 | 17,248 | 15,410 | |
45 |
12,050 | 9,771 | 18,386 | 18,451 | |
450/3 |
9,833 | 7,491 | 16,386 | 16,442 | |
454/9 |
2,217 | 2,280 | 2,000 | 2,009 | |
47/48 |
78,518 | 46,218 | 46,386 | 46,218 | |
| Income statement | |||||
76A |
5 | - | 1 | 2,701 | |
9900 |
133,882 | 111,663 | 63,152 | 50,556 | |
62 |
1,874 | 2,172 | 279 | 198 | |
630 |
17,709 | 15,441 | 14,476 | 11,315 | |
640/8 |
705 | 1,068 | 293 | 789 | |
66A |
218 | 10 | 101 | -27 | |
9901 |
113,376 | 92,971 | 48,004 | 38,282 | |
75/76B |
- | - | - | 9,880 | |
75 |
- | - | - | 9,880 | |
65/66B |
276 | 592 | 675 | 245 | |
65 |
276 | 592 | 675 | 245 | |
9903 |
113,101 | 92,380 | 47,328 | 47,916 | |
67/77 |
27,074 | 25,420 | 13,054 | 6,741 | |
9904 |
86,026 | 66,959 | 34,274 | 41,175 | |
9905 |
86,026 | 66,959 | 34,274 | 41,175 | |
| Appropriation of the result | |||||
9906 |
86,026 | 66,959 | 34,274 | 41,175 | |
691/2 |
28,726 | 66,959 | 34,274 | 41,175 | |
6921 |
28,726 | 66,959 | 34,274 | 41,175 | |
694/7 |
57,300 | - | - | - | |
694 |
57,300 | - | - | - | |
| Social balance sheet | |||||
9087 |
0.8 | 0.8 | - | - | |
Hours worked1013 |
84 | 175 | - | - | |
| Document | |||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 131,085 | 108,412 | 62,480 | 49,596 | ||
| 103,735 | 82,400 | 48,750 | 52,490 | ||
| 22,156 | 11,006 | 6,538 | 116,019 | ||
| 72,967 | 111,948 | -3,699 | - | ||
| 167,293 | 143,014 | 71,620 | 29,407 | ||
| 69.5% | 77.0% | 67.5% | 63.0% | ||
| 2.43 | 3.01 | 1.87 | 1.37 | ||
| 0.44 | 0.30 | 0.48 | 0.59 | ||
| 32.3% | 28.2% | 20.1% | 30.2% | ||
| 22.5% | 21.7% | 13.6% | 19.0% | ||
| over 100 | over 100 | 92.50 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | - | 3 |
| part-time | - | 3 |
| in full-time equivalents | - | 0.1 |
| 0.1 | 0.1 | |
| Joined | 2 | 3 |
| Left | 2 | 0 |
Source: social balance sheet in the 2024 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €22,156 | €10,833 | €6,038 | €103,339 |
| Financial fixed assets | - | €173 | €500 | €12,680 |
| €17,709 | €15,441 | €14,476 | €11,315 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 22% higher than in 2024 and the highest since 2022. It is the third rise in a row.
Debt's share of the balance-sheet total rises from 23.0% to 30.5%. Equity and debt are higher.
ENVOLVE has no parent and no holdings in its annual accounts. ENVOLVE shares no director with another company.
| SPACE FUN GAMES
establishment since 16-11-2016 · founded in 2016 |
total assets €2.0m (2025) 0666.432.461 |
| GM5 Gym
registered office since 25-02-2022 · founded in 2022 |
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| SUPERMUMS
registered office since 03-10-2023 · founded in 2023 |
total assets €262,134 (2025) 1000.693.075 |
| BEPILATES
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total assets €216,281 (2025) 0785.700.394 |
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total assets €153,074 (2025) 0747.543.960 |
| LE SALON DE L'ISA
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total assets €57,615 (2025) 0803.651.433 |
| SISTERS Hair & beauty
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founded in 2026 1044.175.801 |
| Feelingood
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founded in 2018 0689.849.449 |
| BIOGENIX
registered office since 12-08-2016 |
founded in 2016 0660.897.820 |
| PORTE - RP
establishment since 10-02-2014 |
founded in 2014 0545.906.201 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| ENVOLVE GYM registered office Sint Michielswarande 97, 1040 Etterbeek | 23-12-2021 | 2.325.619.045 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21362B0253/02F000 | 1.3 ha | 1 · 1.1 ha | 34.4 m · 2 |
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