EVANCO
ActiveFrom the official registers: KBO 45 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
EVANCO has been active since 1979 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €582,928 and a net result of €22,114. Equity has been growing by about 6.7% per year since 2018. Its solvency ranks better than 62% of 11,235 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 22-06-1979 Normal situation
- Activity
- Buying and selling of own real estate NACE 68110and 6 others
- Establishment unit
- 2.108.882.344 3840 Tongeren-Borgloon, since 09-09-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 22-03-2025
Board and ownership
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €129,033
- ▲ 30.0%
- Turnover
- ≈ €250,000
- estimated
- Profit
- €22,114
- ▲ 15×
- Equity
- €582,928
- ▲ 3.9%
- Total assets
- €1.3m
- ▼ 2.3%
Score breakdownraises riskLiquidity: current ratio 0.08, cash €23,527lowers riskSize: total assets €1.3mFigures for financial year 2025 (filed on 05-06-2026)Sector: Real estate activities (NACE 68)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 68, micro). It does better than 61% of them on solvency, 29% on liquidity, 61% on profitability and 57% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 31 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 05-06-2026 PDF all 45 filings
Amounts without an identifiable currency are taken as euros.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 66% higher than in 2024. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as EVANCO: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €1.1m and €1.4m, founded between 1976 and 1991.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| EVANCO Tongeren-Borgloon | 1979 | €1.3m | €0.6m | €0.1m | €0.02m | 0 | 2025 |
| CHROBA Overijse | 1986 | €1.2m | €0.1m | €0.1m | €0.04m | 0 | 2025 |
| MAGAN Tongeren-Borgloon | 1988 | €1.3m | €1.2m | €0.08m | -€0.02m | 0 | 2025 |
| NALE Beringen | 1991 | €1.3m | €1.2m | €0.1m | €0.09m | 0 | 2025 |
| R. VERDEGEM - WAUTERS Evergem | 1976 | €1.1m | €0.9m | €0.08m | €0.07m | 0 | 2025 |
| IMMO M. Dendermonde | 1990 | €1.4m | €0.7m | €0.1m | €0.04m | 0 | 2025 |
| S.A. AEDES IMMO Namur | 1989 | €1.3m | €1.3m | €0.07m | €0.01m | 0 | 2025 |
They were chosen from the 5,832 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 14,766 companies had the same profile as EVANCO has now. Two years later, 0.2% had gone bankrupt and 96.2% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EVANCO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 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 14,766 companies, not a prediction for EVANCO. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €24,191 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62,240 | €61,982 | €64,105 | €67,676 | €68,753 | €69,923 | €70,504 | €73,478 | ▲ 4.2% |
| Other operating charges640/8 | - | - | - | €3,614 | €3,551 | €10,805 | €4,690 | €15,529 | ▲ 231% |
| Gross operating margin9900 | €57,704 | €72,814 | €104,819 | €119,167 | €179,146 | €136,978 | €99,274 | €129,033 | ▲ 30.0% |
| Operating profit (loss)9901 | -€4,792 | €8,680 | €31,857 | €47,878 | €106,842 | €56,250 | €24,080 | €40,027 | ▲ 66.2% |
| Financial income75/76B | - | - | - | - | - | - | €1,140 | €1 | ▼ 99.9% |
| Recurring financial income75 | €76 | €0 | €0 | - | - | - | €1,140 | €1 | ▼ 99.9% |
| Financial charges65/66B | - | - | - | €6,137 | €8,508 | €17,213 | €16,266 | €15,380 | ▼ 5.4% |
| Recurring financial charges65 | €15,291 | €15,678 | €6,055 | €6,137 | €8,508 | €17,213 | €16,266 | €15,380 | ▼ 5.4% |
| Profit (loss) for the period before taxes9903 | -€20,008 | -€6,999 | €25,802 | €41,741 | €98,335 | €39,037 | €8,954 | €24,648 | ▲ 175% |
| Income taxes67/77 | - | €0 | €0 | - | €20,755 | €10,743 | €7,467 | €2,534 | ▼ 66.1% |
| Profit (loss) for the period9904 | -€20,008 | -€6,999 | €25,802 | €41,741 | €77,580 | €28,294 | €1,487 | €22,114 | ▲ 15× |
| Profit (loss) for the period to be appropriated9905 | -€20,008 | -€6,999 | €25,802 | €41,741 | €77,580 | €28,294 | €1,487 | €22,114 | ▲ 15× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.5m | €1.5m | €1.6m | €1.5m | €1.5m | €1.4m | €1.3m | €1.3m | ▼ 2.3% |
| Formation expenses20 | - | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €1.5m | €1.5m | €1.5m | €1.4m | €1.3m | €1.3m | €1.2m | €1.2m | ▲ 1.9% |
| Intangible fixed assets21 | - | €0 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €1.5m | €1.5m | €1.5m | €1.4m | €1.3m | €1.3m | €1.2m | €1.2m | ▲ 1.9% |
| Land and buildings22 | - | - | - | €1.2m | €1.2m | €1.2m | €1.1m | €1.2m | ▲ 4.5% |
| Plant, machinery and equipment23 | - | - | - | €482 | €119 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.02m | €0.01m | €0.009m | €0.005m | ▼ 38.1% |
| Other tangible fixed assets26 | - | - | - | €0.2m | €0.2m | €0.1m | €0.09m | €0.07m | ▼ 25.4% |
| Financial fixed assets28 | - | €0 | €0 | - | - | - | - | - | - |
| Current assets29/58 | €0.02m | €0.05m | €0.1m | €0.1m | €0.2m | €0.07m | €0.09m | €0.03m | ▼ 61.4% |
| Stocks and contracts in progress3 | - | €0 | €0 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | - | €0.03m | €0.1m | €0.1m | €0.2m | €0.04m | €0.07m | €0.006m | ▼ 91.1% |
| Trade receivables40 | - | - | - | - | - | €0.04m | €0.03m | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.2m | €0.002m | €0.04m | €0.006m | ▼ 83.7% |
| Current investments50/53 | - | €0 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.02m | €0.02m | €0.009m | €0.03m | €0.01m | €0.02m | €0.01m | €0.02m | ▲ 110% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.004m | €0.004m | ▼ 6.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.6m | €1.5m | €1.5m | €1.4m | €1.3m | €1.3m | ▼ 2.3% |
| Equity10/15 | €0.4m | €0.4m | €0.4m | €0.5m | €0.5m | €0.6m | €0.6m | €0.6m | ▲ 3.9% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | - | - | - | - |
| Issued capital100 | - | - | - | €0.1m | €0.1m | - | - | - | - |
| Reserves13 | €0.3m | €0.2m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 5.3% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | - | - | - | - |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 5.4% |
| Profit (loss) carried forward14 | -€0.06m | €0 | €0 | - | - | - | - | - | - |
| Amounts payable17/49 | €1.1m | €1.1m | €1.2m | €1.1m | €1.0m | €0.8m | €0.7m | €0.7m | ▼ 7.0% |
| Amounts payable after more than one year17 | €0.7m | €0.6m | €0.6m | - | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 21.1% |
| Financial debts170/4 | - | - | - | - | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 21.1% |
| Amounts payable within one year42/48 | €0.5m | €0.5m | €0.6m | €1.1m | €0.6m | €0.4m | €0.4m | €0.4m | ▲ 3.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.6m | €0.06m | €0.06m | €0.06m | €0.06m | ▲ 11.8% |
| Trade debts44 | €0.006m | €0.02m | - | €0.01m | €0.007m | €0.02m | €0.01m | €0.03m | ▲ 165% |
| Suppliers440/4 | - | - | - | €0.01m | €0.007m | €0.02m | €0.01m | €0.03m | ▲ 165% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.02m | €0.03m | - | €0.002m | - |
| Taxes450/3 | - | - | - | - | €0.02m | €0.03m | - | €0.002m | - |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.5m | €0.3m | €0.4m | €0.4m | ▼ 3.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 16.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,008 | -€6,999 | €25,802 | €41,741 | €77,580 | €28,294 | €1,487 | €22,114 | ▲ 15× |
| + Depreciation and write-downs630 | €62,240 | €61,982 | €64,105 | €67,676 | €68,753 | €69,923 | €70,504 | €73,478 | ▲ 4.2% |
| Operating cash flow (approximation) | €42,232 | €54,984 | €89,907 | €109,416 | €146,332 | €98,217 | €71,991 | €95,591 | ▲ 32.8% |
| Investment in fixed assets (approximation) | - | -€4,411 | -€82,072 | €0 | -€11,087 | -€14,168 | €0 | -€97,273 | - |
| Change in cash | - | -€3,246 | -€11,031 | €17,867 | -€13,124 | €10,235 | -€13,174 | €12,317 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 45 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 05-06-2026 | 2026-00139200 | |
| 31-12-2024 | abbreviated format | 27-06-2025 | 2025-00187524 | |
| 31-12-2023 | abbreviated format | 25-07-2024 | 2024-00281903 | |
| 31-12-2022 | abbreviated format | 26-06-2023 | 2023-00156796 | |
| 31-12-2021 | abbreviated format | 28-06-2022 | 2022-20115118 | |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-45100043 | |
| 31-12-2019 | micro format | 10-06-2020 | 2020-17300157 | |
| 31-12-2018 | abbreviated format | 22-08-2019 | 2019-48900519 | |
| 31-12-2017 | abbreviated format | 28-08-2018 | 2018-53900186 | |
| 31-12-2016 | abbreviated format | 30-08-2017 | 2017-51900558 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerChain of control
- BEHEER COMPANY VERBAKEL
- EVANCO
Owners 1
-
99.87%
Capital transactions
- 09-11-2023 Converted to unavailable equity · €142,538.78
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| BEHEER COMPANY VERBAKEL |
|
| SMITS Marina Bertha Lutgarde |
|
| VERBAKEL Goedele Ann |
|
| VERBAKEL Veerle Mieke |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, 1”“Alle handelingen nodig of nuttig voor verwezenlijking van voorwerp, behalve deze die wet of statuten aan algemene vergadering voorbehouden”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Gelijk recht in winstverdeling en vereffeningsaldo, 750”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Op elk moment, algemene vergadering”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Bij ontbinding om welke reden en op welk ogenblik ook, bestuurder(s) in functie aangewezen als vereffenaar(s) krachtens statuten indien geen…”
Articles of association, deed of 09-11-2023 (in Dutch)
Network & group
Board mandates elsewhere
1 board mandateConnections & network
The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
09-11
Gazette deed
Resignations: BEHEER COMPANY VERBAKEL, SMITS Marina Bertha Lutgarde and 2 othersPermanent representative: VERBAKEL Cornelius · Appointments: BEHEER COMPANY VERBAKEL, SMITS Marina Bertha Lutgarde and 2 others · Auditor report24 points ▸
- General meeting, 31-10-2023
- Other provision, “verslag bestuursorgaan over omzetting, voorlezing verslag en gehechte staat” (deed in Dutch)
- Auditor report, “beoordeling staat van activa en passiva”, 428592.05 (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutaire onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing, middelen beschikbaar voor uitkering” (deed in Dutch)
- Other provision, “voorwerp en ondernemingsnummer na omzetting, Kruispuntbank van Ondernemingen” (deed in Dutch)
- Share issue, “aandelen die eigen vermogen vertegenwoordigen” (deed in Dutch)
- Accounting effect, 01-08-2023
- Director resignation, BEHEER COMPANY VERBAKEL (director)
- Director resignation, SMITS Marina Bertha Lutgarde (director)
- Director resignation, VERBAKEL Veerle Mieke (director)
- The act holds 12 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73036A0438/00F000 | Flanders | 2,943 m² | 1 · 245 m² | 0.4 m |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.