Evara
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 20 filings
Turnover
€443.2m▲ 8.0%
2023 · €410.2m
EBIT margin
3.9%▼ 1.9pp
2023 · 5.7%
Net result
€32.7m▼ 16.4%
2023 · €39.1m
Working capital
€435.6m▲ 13.8%
2023 · €382.7m
In the rankings
#1 company by equity in Belgium, Health and social work sector#1 employer in Belgium, Human health sector#1 company by total assets in East Flanders, Health and social work sector
Trend over the years
2020 to 2025, 5 financial years 2020 to 2025, 5 financial years
The operating result for 2025 is €17.3m, against €23.6m in 2023. Comparable figures for the intervening years are unavailable.
Turnover€443.2m
2025
Operating result€17.3m
2025
Net result€32.7m
2025
Total assets€1,298.6m
2025
Equity€750.4m
2025
Debt€540.1m
2025
Working capital€435.6m
2025
EBIT margin3.9%
2025
Return on assets (ROA)2.5%
2025
Solvency57.8%
2025
Current ratio3.05
2025
Staff (FTE)7,600.9
2025
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.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Human health activities (NACE 86). 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, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20202021202220232025
Turnover€517.7m-€338.6m▼ 34.6%€381.9m▲ 12.8%€410.2m▲ 7.4%€443.2m-
Operating result€14.7m-€35.5m▲ 142%€15.5m▼ 56.4%€23.6m▲ 52.4%€17.3m-
Net result€16.8mabove the sector's middle half-€48.5mabove the sector's middle half▲ 188%-€0.1mbelow the sector's middle half€39.1mabove the sector's middle half€32.7mabove the sector's middle half-
EBIT margin2.8%-10.5%▲ 7.6pp4.1%▼ 6.4pp5.7%▲ 1.7pp3.9%-
Equity€554.1mabove the sector's middle half-€622.3mabove the sector's middle half▲ 12.3%€639.3mabove the sector's middle half▲ 2.7%€680.8mabove the sector's middle half▲ 6.5%€750.4mabove the sector's middle half-
Total assets€980.4mabove the sector's middle half-€1,074.2mabove the sector's middle half▲ 9.6%€1,146.2mabove the sector's middle half▲ 6.7%€1,193.1mabove the sector's middle half▲ 4.1%€1,298.6mabove the sector's middle half-
Debt€381.2m-€425.7m▲ 11.7%€480.9m▲ 13.0%€501.6m▲ 4.3%€540.1m-
Working capital€339.1mabove the sector's middle half-€390.9mabove the sector's middle half▲ 15.3%€381.1mabove the sector's middle half▼ 2.5%€382.7mabove the sector's middle half▲ 0.4%€435.6mabove the sector's middle half-
Solvency56.5%within the sector's middle half-57.9%within the sector's middle half▲ 1.4pp55.8%within the sector's middle half▼ 2.1pp57.1%within the sector's middle half▲ 1.3pp57.8%within the sector's middle half-
Current ratio3.39within the sector's middle half-3.49within the sector's middle half▲ 0.102.97within the sector's middle half▼ 0.532.77within the sector's middle half▼ 0.203.05within the sector's middle half-
Return on assets (ROA)1.7%below the sector's middle half-4.5%within the sector's middle half▲ 2.8pp0.0%below the sector's middle half▼ 4.5pp3.3%below the sector's middle half▲ 3.3pp2.5%below the sector's middle half-
Staff (FTE)6,895.7above the sector's middle half-7,047.4above the sector's middle half▲ 2.2%7,136.1above the sector's middle half▲ 1.3%7,411.2above the sector's middle half▲ 3.9%7,600.9above the sector's middle half-
above
within
below
The sector band is the middle half of the companies in Human health activities (NACE 86). 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.
Large changes and their cause
- 2021 Net result +188% on 2020. Branch of activity received from De Link, effective 01-01-2021. Universality received from KSRZM, effective 01-01-2021.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €1.30bn
Fixed assets
€650.0m ▲ 9.6%
Current assets
€647.7m ▲ 8.0%
Equity and liabilities €1.30bn
Equity
€750.4m ▲ 10.2%
Provisions
€8.1m ▼ 23.8%
Debt
€540.1m ▲ 7.7%
Debt's share of the balance-sheet total falls from 42.0% to 41.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€58.7m▼
2023 · €60.6m
Cash flow
€74.2m▼
2023 · €76.2m
Quick ratio
3.04▲
2023 · 2.75
Debt to equity
0.72▼
2023 · 0.74
ROE
4.4%▼
2023 · 5.7%
Interest coverage
9.53▲
2023 · 8.17
Debt ≤ 1 year
€212.2m▼
2023 · €216.8m
Debt > 1 year
€294.9m▲
2023 · €258.4m
Customer credit
117 days▲
2023 · 107 days
Supplier credit
654 days▼
2023 · 681 days
Staff costs
€574.7m▲
2023 · €522.4m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Comparable companies
This company has its main activity in the same NACE class as Evara: human health activities (NACE 8699). With exactly the same main activity (NACE 86995), too few companies are of comparable size. It is comparable in size and age: total assets of €195m, founded in 1997.
| Company | Founded | Total assets | Equity | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| Evara Gent | 1955 | €1,298.6m | €750.4m | €443.2m | €32.7m | 7,600.9 | 2025 |
| KLINISCH LABO RIGO Genk | 1997 | €194.9m | €128.2m | €11.6m | €10.4m | 51.5 | 2025 |
It was chosen from the 1,107 other active companies in that NACE class with 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, 513 companies had the same profile as Evara has now. Two years later, 0.8% had gone bankrupt and 96.1% were still going.
- Large
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
3.1%
stopped otherwise
96.1%
was still going
That fits the bankruptcy probability of Evara 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 513 companies, not a prediction for Evara. 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.
Subsidies and aid
Flemish government
2022 to 2025 · 366 entries · €728.0m awarded · €707.2m paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 86 | €224.4m | €227.7m |
| 2024 | 94 | €153.4m | €143.8m |
| 2023 | 94 | €159.2m | €150.1m |
| 2022 | 92 | €191.0m | €185.7m |
Schemes
Show 15 more
Federal government
2024 to 2025 · 2 entries · €124,734 in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2025 | FOD Justitie | 1 | €81,968 |
| 2024 | FOD Justitie | 1 | €42,766 |
Budget allocations
European Union, budget
2023 · 2 entries · €193,754 in totalProjects
HURRICANE - SECTOR-COUPLING HUB FOR CIRCULAR USE OF THERMAL AND INDUSTRIAL WASTE
European research
1 project · €193,750 EU contributionProgrammes
Projects
Sector-coupling hub for circular use of thermal and industrial waste
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €593.6m | €641.6m | €698.6m | €799.0m | €868.4m | - |
| Turnover70 | €517.7m | €338.6m | €381.9m | €410.2m | €443.2m | - |
| Own construction capitalised72 | - | €0.005m | €0.004m | - | €0.04m | - |
| Membership fees, donations, legacies and grants73 | - | €202.2m | €220.1m | €238.0m | €258.4m | - |
| Other operating income74 | €68.5m | €78.4m | €90.2m | €130.0m | €158.6m | - |
| Non-recurring operating income76A | €7.3m | €22.4m | €6.4m | €20.8m | €8.2m | - |
| Operating charges60/66A | €578.9m | €606.2m | €683.1m | €775.4m | €851.1m | - |
| Goods for resale, raw materials and consumables60 | €29.6m | €28.9m | €31.6m | €39.3m | €38.1m | - |
| Change in stocks: decrease (increase)609 | -€0.3m | -€0.5m | -€0.2m | €0.07m | €0.1m | - |
| Services and other goods61 | €71.2m | €77.7m | €92.8m | €106.7m | €107.6m | - |
| Remuneration, social security and pensions62 | €412.9m | €435.2m | €483.9m | €522.4m | €574.7m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34.2m | €35.3m | €37.2m | €37.0m | €41.5m | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0.4m | -€0.05m | €0.1m | €0.3m | -€0.1m | - |
| Other operating charges640/8 | €20.1m | €24.1m | €34.2m | €60.3m | €83.5m | - |
| Non-recurring operating charges66A | €3.4m | €3.2m | €2.8m | €9.2m | €6.7m | - |
| Operating profit (loss)9901 | €14.7m | €35.5m | €15.5m | €23.6m | €17.3m | - |
| Recurring financial income75 | €13.1m | €20.7m | €10.3m | €12.5m | €24.5m | - |
| Income from financial fixed assets750 | - | - | - | €0.02m | €133 | - |
| Income from current assets751 | €2.2m | €3.0m | €2.1m | €0.1m | €0.04m | - |
| Other financial income752/9 | €10.9m | €17.7m | €8.2m | €12.4m | €24.5m | - |
| Non-recurring financial income76B | €0.08m | €0.01m | €0.08m | €0.05m | €0.002m | - |
| Financial charges65/66B | €11.1m | €7.7m | €26.0m | -€3.0m | €9.1m | - |
| Recurring financial charges65 | €10.9m | €7.7m | €26.0m | -€3.1m | €8.3m | - |
| Debt charges650 | €6.4m | €5.9m | €5.7m | €7.4m | €6.2m | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | €2.2m | €0.05m | €18.6m | -€11.6m | €0.3m | - |
| Other financial charges652/9 | €2.4m | €1.7m | €1.6m | €1.1m | €1.8m | - |
| Non-recurring financial charges66B | €0.1m | €0.01m | €0.003m | €0.1m | €0.8m | - |
| Profit (loss) for the period before taxes9903 | €16.8m | €48.5m | -€0.1m | €39.1m | €32.7m | - |
| Profit (loss) for the period9904 | €16.8m | €48.5m | -€0.1m | €39.1m | €32.7m | - |
| Profit (loss) for the period to be appropriated9905 | €16.8m | €48.5m | -€0.1m | €39.1m | €32.7m | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €980.4m | €1,074.2m | €1,146.2m | €1,193.1m | €1,298.6m | - |
| Formation expenses20 | €0.9m | €0.6m | €0.5m | €0.8m | €0.9m | - |
| Fixed assets21/28 | €498.8m | €525.8m | €570.6m | €592.8m | €650.0m | - |
| Intangible fixed assets21 | €12.7m | €11.6m | €10.8m | €5.9m | €4.5m | - |
| Tangible fixed assets22/27 | €485.9m | €513.8m | €559.4m | €586.5m | €645.1m | - |
| Land and buildings22 | €167.6m | €181.7m | €206.7m | €242.6m | €319.0m | - |
| Plant, machinery and equipment23 | €10.1m | €13.9m | €18.2m | €18.2m | €18.7m | - |
| Furniture and vehicles24 | €18.5m | €18.8m | €20.5m | €24.1m | €27.6m | - |
| Leasing and similar rights25 | €235.0m | €226.4m | €221.6m | €221.4m | €201.5m | - |
| Other tangible fixed assets26 | €18.5m | €25.2m | €28.5m | €31.8m | €31.2m | - |
| Assets under construction and advance payments27 | €36.2m | €47.9m | €63.9m | €48.4m | €47.2m | - |
| Financial fixed assets28 | €0.2m | €0.4m | €0.4m | €0.4m | €0.4m | - |
| Affiliated companies280/1 | - | - | €0.03m | €0.003m | €0.01m | - |
| Participating interests280 | - | - | €0.03m | €0.003m | €0.01m | - |
| Companies linked by participating interests282/3 | €0.02m | €0.2m | €0.2m | €0.2m | €0.1m | - |
| Participating interests282 | €0.02m | €0.2m | €0.2m | €0.2m | €0.1m | - |
| Other financial fixed assets284/8 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | - |
| Amounts receivable and cash guarantees285/8 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | - |
| Current assets29/58 | €480.7m | €547.8m | €575.1m | €599.5m | €647.7m | - |
| Amounts receivable after more than one year29 | €73.9m | €63.4m | €60.5m | €59.2m | €42.4m | - |
| Other amounts receivable291 | €73.9m | €63.4m | €60.5m | €59.2m | €42.4m | - |
| Stocks and contracts in progress3 | €2.3m | €2.8m | €3.1m | €3.0m | €2.9m | - |
| Stocks30/36 | €2.3m | €2.8m | €3.1m | €3.0m | €2.9m | - |
| Raw materials and consumables30/31 | €2.3m | €2.8m | €3.1m | €3.0m | €2.9m | - |
| Amounts receivable within one year40/41 | €144.7m | €150.7m | €174.6m | €175.8m | €197.8m | - |
| Trade receivables40 | €96.3m | €104.8m | €115.8m | €120.7m | €141.9m | - |
| Other amounts receivable41 | €48.5m | €45.9m | €58.9m | €55.1m | €55.8m | - |
| Current investments50/53 | €213.6m | €262.5m | €274.6m | €337.3m | €376.7m | - |
| Cash at bank and in hand54/58 | €40.1m | €62.0m | €55.1m | €17.2m | €16.9m | - |
| Deferred charges and accrued income490/1 | €5.9m | €6.6m | €7.2m | €7.0m | €11.1m | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €980.4m | €1,074.2m | €1,146.2m | €1,193.1m | €1,298.6m | - |
| Equity10/15 | €554.1m | €622.3m | €639.3m | €680.8m | €750.4m | - |
| Contributions10/11 | €39.3m | €42.3m | €44.0m | €44.6m | €45.1m | - |
| Capital10 | €39.3m | €42.3m | €44.0m | €44.6m | €45.1m | - |
| Reserves13 | €166.2m | €181.8m | €190.0m | €213.7m | €297.0m | - |
| Profit (loss) carried forward14 | €174.6m | €214.7m | €213.6m | €232.0m | €224.0m | - |
| Investment grants15 | €174.0m | €183.6m | €191.8m | €190.5m | €184.3m | - |
| Provisions and deferred taxes16 | €45.1m | €26.3m | €25.9m | €10.6m | €8.1m | - |
| Provisions for liabilities and charges160/5 | €45.1m | €26.3m | €25.9m | €10.6m | €8.1m | - |
| Pensions and similar obligations160 | €1.9m | €1.1m | €0.6m | €0.3m | €0.2m | - |
| Major repairs and maintenance162 | €36.6m | €18.9m | €20.2m | €2.0m | €1.4m | - |
| Other liabilities and charges164/5 | €6.5m | €6.3m | €5.2m | €8.3m | €6.5m | - |
| Amounts payable17/49 | €381.2m | €425.7m | €480.9m | €501.6m | €540.1m | - |
| Amounts payable after more than one year17 | €216.4m | €238.7m | €254.5m | €258.4m | €294.9m | - |
| Financial debts170/4 | €183.5m | €199.8m | €212.5m | €208.9m | €217.0m | - |
| Leasing and similar obligations172 | €55.9m | €54.3m | €54.7m | €52.6m | €50.9m | - |
| Credit institutions173 | €124.6m | €142.5m | €154.9m | €152.9m | €162.7m | - |
| Other loans174 | €3.0m | €2.9m | €2.9m | €3.3m | €3.4m | - |
| Other amounts payable178/9 | €32.9m | €38.9m | €42.0m | €49.5m | €78.0m | - |
| Amounts payable within one year42/48 | €141.6m | €156.9m | €193.9m | €216.8m | €212.2m | - |
| Current portion of amounts payable after more than one year42 | €14.8m | €15.9m | €17.1m | €17.2m | €18.6m | - |
| Financial debts43 | - | - | €0.001m | €0 | €0.1m | - |
| Credit institutions430/8 | - | - | €0.001m | €0 | €0.001m | - |
| Other loans439 | - | - | - | - | €0.1m | - |
| Trade debts44 | €37.9m | €46.7m | €53.9m | €73.3m | €68.4m | - |
| Suppliers440/4 | €37.9m | €46.7m | €53.9m | €73.3m | €68.4m | - |
| Bills of exchange payable441 | - | - | - | €0.01m | - | - |
| Advances received on contracts in progress46 | €0.7m | €1.3m | €1.5m | €1.4m | €2.3m | - |
| Taxes, remuneration and social security45 | €77.8m | €82.9m | €96.7m | €101.5m | €103.9m | - |
| Taxes450/3 | €12.3m | €15.7m | €19.9m | €18.6m | €19.5m | - |
| Remuneration and social security454/9 | €65.5m | €67.2m | €76.8m | €82.9m | €84.4m | - |
| Accrued charges and deferred income492/3 | €23.2m | €30.0m | €32.4m | €26.5m | €33.0m | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16.8m | €48.5m | -€0.1m | €39.1m | €32.7m | - |
| + Depreciation and write-downs630 | €34.2m | €35.3m | €37.2m | €37.0m | €41.5m | - |
| Operating cash flow (approximation) | €51.0m | €83.7m | €37.0m | €76.2m | €74.2m | - |
| Investment in fixed assets (approximation) | - | -€62.3m | -€81.9m | -€59.2m | - | - |
| Change in cash | - | €21.8m | -€6.9m | -€37.9m | - | - |
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 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 01-07-2026 | 2026-00258826 | NBB |
| 31-12-2024 | abbreviated format | 08-07-2025 | 2025-00255324 | |
| 31-12-2023 | abbreviated format | 09-07-2024 | 2024-00225606 | |
| 31-12-2022 | abbreviated format | 29-06-2023 | 2023-00191575 | |
| 31-12-2021 | abbreviated format | 13-07-2022 | 2022-20246531 | |
| 31-12-2020 | abbreviated format | 22-07-2021 | 2021-38000354 | |
| 31-12-2019 | abbreviated format | 15-07-2020 | 2020-29800304 | |
| 31-12-2018 | abbreviated format | 08-07-2019 | 2019-29400463 | |
| 31-12-2017 | abbreviated format | 28-06-2018 | 2018-24600252 | |
| 31-12-2016 | abbreviated format | 26-06-2017 | 2017-21200068 |