Equity
€23.1m ▲ 12.6%
EVAPCO EUROPE has made a profit in every financial year since 2006.
EVAPCO EUROPE
Lifetime
20 annual accounts with figures on one time axis, 27 filings since 1999peak €46.2m (2025)
€46.2m▲ 14.2%
peak €3.0m (2011)
€2.6m▲ 11.1%
peak €23.1m (2025)
€23.1m▲ 12.6%
€24.3m▲ 71.4%
peak 165.5 FTE (2017)
161.9 FTE▲ 3.6%
Board7 names since 2019
6 directorsBartley William and 5 others
Owners4 names in the annual accounts
consolidatesApS Stake Nr. 1851
Documentsfilings and deeds
14-07-202617 days before the deadline
2025financial year
Turnover from €40.4m to €46.2mAppointment: PwC Bedrijfsrevisoren (statutory auditor) 08-10Appointment: Hervé Ciocca (director) 04-03Equity from €20.5m to €23.1mDebts from €14.1m to €24.3m1 establishment registered
Key points
from the 2025 annual accountsSecurities
€22.0m
Mortgages, new in 2025. 95.3% of equity · not in the 2024 accounts.
Investments
€17.3m 39.8 × depreciation
Green is investment, beige is depreciation.
Payment terms
106 days to suppliers
EVAPCO EUROPE pays its suppliers 22 days later than in 2024. Customers pay 9 days earlier.
Filings
27 annual accounts since 1999
The last five annual accounts were filed 13 to 21 days before the end of the period.
Public support
€1.7m awarded from 2022 to 2025
Flemish support, mostly Strategische transformatiesteun.
Checked score
93
Excellent
Financially stronger than 67% of medium-sized companies in machinery and equipment (NACE 28)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 101 companies (NACE 28, medium-sized).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: 0.1%▲ +0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.66, cash €2.1m
lowers risk
Founded in 1998
Equity €23.1m (48.8% of total assets)
Size: turnover €46.2m, 161.9 FTE, total assets €47.3m
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 28, medium-sized). It does better than 69% of them on solvency, 56% on liquidity, 68% on profitability and 77% on growth.
The bankruptcy probability was computed on 07-11-2026 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).
Comparable companies, two years later
In July 2024, 1,579 companies had the same profile as EVAPCO EUROPE has now. Each dot stands for 4 companies, two years later.
96.6%
were still trading
3.2%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of EVAPCO EUROPE itself: 0.1% within 12 months.
Test of the method
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 1,579 companies, not a prediction for EVAPCO EUROPE. 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.
Credit verdict
Credit of up to €2,100,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.66 (2.17 in 2024), above the usual 1.5. Short-term debt is 32.1% and cash 4.4% of total assets. However, 51.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 days early
2024
13 days early
2023
21 days early
2022
21 days early
2021
19 days early
2020
22 days early
2019
18 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days before the deadline. In the sector (NACE 28), the median for financial year 2024 was 11 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Evapco Holding APS 99%annual accounts 2017
- ApS Stake Nr. 1851 consolidatesannual accounts 2025
- Evapco Europe S.r.l. 1%annual accounts 2017
Shares in 2 companies, Evapco Europe GmbH and Evapco Europe Ltd.
Board & ownershipRecent changes
Environmental permit granted
Bouwen of herbouwen, Een grond gebruiken, aanleggen of inrichten, Het reliëf van de bodem aanmerkelijk wijzigen and 5 more · Provincie Limburg
Resignation: Andrew T. Stockman (director)
General meeting of 29-05-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0464685725
New establishment in Tongeren-Borgloon
Vrijheidweg 12
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EVAPCO EUROPE Tongeren-Borgloon | €46.2m | 8.4% | 48.8% | 161.9 |
| TLD LEBRUN Frameries | €46.5m | -8.3% | 3.8% | 188.8 |
| ARCO Lokeren | €28.9m | 0.4% | 49.1% | 113.4 |
| Spiromatic Nazareth-De Pinte | €48.6m | 3.2% | 29.7% | 102.1 |
| BTN Dison | €31.1m | 8.5% | 43.1% | 153.5 |
| SKT Ypres | €49.1m | 9.1% | 48.8% | 85.3 |
| Mac Valves Europe Inc. Michigan | €34.0m | 14.1% | 47.3% | 87.4 |
Grey: the largest companies of the sector (machinery and equipment (NACE 28)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as EVAPCO EUROPE: manufacture of machinery and equipment not elsewhere classified (NACE 28250). They are comparable in size and age: total assets between €17m and €38m, founded between 1968 and 2002.
Official details
Source: KBO- Status
- Active since 04-12-1998Normal situation
- Activity
- Manufacture of machinery and equipment not elsewhere classifiedNACE 28250and 2 others
- Establishment units
- 2.089.577.9583700 Tongeren, since 20-12-2000
- 2.381.591.2133700 Tongeren-Borgloon, since 01-12-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 03-12-2025
Annual accounts 2025
- €47.3m▲ 36.6%
- Employeeson 31-12-2025
- 178▲ 9.9%
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Insights on EVAPCO EUROPE
EVAPCO EUROPE has existed since 1998. Turnover grew from €16.2m in 2006 to €46.2m in 2025 and staff from 87.8 to 161.9 full-time equivalents.
Solvency fell in 2025 from 59.2% to 48.8%.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about EVAPCO EUROPE
- What is the company number of EVAPCO EUROPE?
- The company number of EVAPCO EUROPE is 0464.685.725. The VAT number is the same number with BE in front: BE 0464.685.725.
- Where is EVAPCO EUROPE based?
- The registered office is at Heersterveldweg 19, 3700 Tongeren-Borgloon.Company details
- What does EVAPCO EUROPE do?
- According to the KBO register, the main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28250).
- What is the legal form of EVAPCO EUROPE?
- EVAPCO EUROPE is a private limited company (BV).
- When was EVAPCO EUROPE founded?
- EVAPCO EUROPE was founded on 04-12-1998.
- Is EVAPCO EUROPE still active?
- Yes, EVAPCO EUROPE is an active enterprise in the KBO register.
- How many employees does EVAPCO EUROPE have?
- EVAPCO EUROPE had an average of 161.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of EVAPCO EUROPE?
- The turnover of EVAPCO EUROPE was €46.2m in financial year 2025, according to the filed annual accounts.
- Is EVAPCO EUROPE profitable?
- In financial year 2025, EVAPCO EUROPE made a profit of €2.6m.
- Where can I find the annual accounts of EVAPCO EUROPE?
- EVAPCO EUROPE filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EVAPCO EUROPE due?
- EVAPCO EUROPE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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