EVERLONG
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 12 filings
Turnover
€360,468▲ 22.6%
2024 · €294,114
EBIT margin
59.7%▲ 6.1pp
2024 · 53.5%
Net result
€203,611▲ 24.7%
2024 · €163,324
Working capital
€64,502▼ 44.8%
2024 · €116,821
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€360,468
▲ 22.6%
2025
20182025
Operating result
€215,082
▲ 36.6%
2025
20182025
Net result
€203,611
▲ 24.7%
2025
highest quarter of the sector
20182025
EBIT margin
59.7%
▲ 6.1pp
2025
20182025
Equity
€108,007
▲ 3.5%
2025
middle half of the sector
20182025
Total assets
€504,523
▼ 1.5%
2025
highest quarter of the sector
20182025
Debt
€396,516
▼ 2.8%
2025
20182025
Working capital
€64,502
▼ 44.8%
2025
middle half of the sector
20182025
Solvency
21.4%
▲ 1.0pp
2025
lowest quarter of the sector
20182025
Current ratio
1.18
▼ 0.21
2025
middle half of the sector
20182025
Return on assets (ROA)
40.4%
▲ 8.5pp
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€294,114€360,468▲ 22.6%
Operating result€223,168-€160,806▼ 27.9%€235,100▲ 46.2%€641,629▲ 173%€279,911▼ 56.4%€278,097▼ 0.6%€157,420▼ 43.4%€215,082▲ 36.6%
Net result€185,224-€143,322▼ 22.6%€218,861above the sector's middle half▲ 52.7%€636,110above the sector's middle half▲ 191%€283,149above the sector's middle half▼ 55.5%€277,931above the sector's middle half▼ 1.8%€163,324above the sector's middle half▼ 41.2%€203,611above the sector's middle half▲ 24.7%
EBIT margin53.5%59.7%▲ 6.1pp
Equity€21,700-€30,022▲ 38.3%€63,883within the sector's middle half▲ 113%€79,992within the sector's middle half▲ 25.2%€88,142within the sector's middle half▲ 10.2%€91,072within the sector's middle half▲ 3.3%€104,396within the sector's middle half▲ 14.6%€108,007within the sector's middle half▲ 3.5%
Total assets€702,944-€379,454▼ 46.0%€375,374within the sector's middle half▼ 1.1%€998,141above the sector's middle half▲ 166%€434,602within the sector's middle half▼ 56.5%€806,139above the sector's middle half▲ 85.5%€512,326above the sector's middle half▼ 36.4%€504,523above the sector's middle half▼ 1.5%
Debt€681,244-€349,432▼ 48.7%€311,491▼ 10.9%€918,148▲ 195%€346,460▼ 62.3%€715,066▲ 106%€407,930▼ 43.0%€396,516▼ 2.8%
Working capital€113,753-€81,403▼ 28.4%€80,729within the sector's middle half▼ 0.8%€76,676within the sector's middle half▼ 5.0%€83,843within the sector's middle half▲ 9.3%€83,820within the sector's middle half=€116,821within the sector's middle half▲ 39.4%€64,502within the sector's middle half▼ 44.8%
Solvency3.1%-7.9%▲ 4.8pp17.0%below the sector's middle half▲ 9.1pp8.0%below the sector's middle half▼ 9.0pp20.3%below the sector's middle half▲ 12.3pp11.3%below the sector's middle half▼ 9.0pp20.4%below the sector's middle half▲ 9.1pp21.4%below the sector's middle half▲ 1.0pp
Current ratio1.22-1.33▲ 0.111.30within the sector's middle half▼ 0.031.08within the sector's middle half▼ 0.211.24within the sector's middle half▲ 0.161.12within the sector's middle half▼ 0.121.39within the sector's middle half▲ 0.271.18within the sector's middle half▼ 0.21
Return on assets (ROA)26.3%-37.8%▲ 11.4pp58.3%above the sector's middle half▲ 20.5pp63.7%above the sector's middle half▲ 5.4pp65.2%above the sector's middle half▲ 1.4pp34.5%above the sector's middle half▼ 30.7pp31.9%within the sector's middle half▼ 2.6pp40.4%above the sector's middle half▲ 8.5pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 operating result for 2025 is 37% higher than in 2024. It is a recovery after the fall in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €504,523
Fixed assets
€86,965 ▼ 10.1%
Current assets
€417,558 ▲ 0.5%
Equity and liabilities €504,523
Equity
€108,007 ▲ 3.5%
Debt
€396,516 ▼ 2.8%
Debt's share of the balance-sheet total falls from 79.6% to 78.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€235,867▲
2024 · €162,316
Cash flow
€224,395▲
2024 · €168,220
Debt to equity
3.67▼
2024 · 3.91
ROE
188.5%▲
2024 · 156.4%
Interest coverage
28.15▲
2024 · 22.99
Debt ≤ 1 year
€353,057▲
2024 · €298,745
Debt > 1 year
€43,460▼
2024 · €109,185
Income taxes
€8,974▲
2024 · €8,081
Customer credit
49 days▲
2024 · 38 days
Supplier credit
6 days▼
2024 · 66 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €990 | €388 | €94,404 | €10,990 |
| Depreciation and write-downs of the year | €20,118 | €7 | €203 | €4,896 | €20,785 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | - | €294,114 | €360,468 | ▲ 22.6% |
| Non-recurring operating income76A | - | - | - | - | - | €1,056 | €0 | €18,035 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | - | €136,007 | €146,965 | ▲ 8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,640 | €27,082 | €26,716 | €20,118 | €7 | €203 | €4,896 | €20,785 | ▲ 324% |
| Other operating charges640/8 | - | - | - | €772 | €785 | €1,323 | €1,161 | €1,563 | ▲ 34.6% |
| Gross operating margin9900 | €249,666 | €188,972 | €262,663 | €662,519 | €280,703 | €279,623 | €163,477 | €237,430 | ▲ 45.2% |
| Operating profit (loss)9901 | €223,168 | €160,806 | €235,100 | €641,629 | €279,911 | €278,097 | €157,420 | €215,082 | ▲ 36.6% |
| Financial income75/76B | - | - | - | €5,642 | €11,244 | €7,982 | €21,044 | €5,882 | ▼ 72.0% |
| Recurring financial income75 | €18,179 | €9,603 | €2,117 | €5,642 | €11,244 | €7,982 | €21,044 | €5,882 | ▼ 72.0% |
| Financial charges65/66B | - | - | - | €2,191 | €2,116 | €4,702 | €7,059 | €8,380 | ▲ 18.7% |
| Recurring financial charges65 | €1,524 | €1,281 | €641 | €2,191 | €2,116 | €4,702 | €7,059 | €8,380 | ▲ 18.7% |
| Profit (loss) for the period before taxes9903 | €245,823 | €169,128 | €236,576 | €645,080 | €289,039 | €281,376 | €171,405 | €212,585 | ▲ 24.0% |
| Income taxes67/77 | €60,599 | €25,806 | €17,715 | €8,971 | €5,889 | €3,446 | €8,081 | €8,974 | ▲ 11.0% |
| Profit (loss) for the period9904 | €185,224 | €143,322 | €218,861 | €636,110 | €283,149 | €277,931 | €163,324 | €203,611 | ▲ 24.7% |
| Profit (loss) for the period to be appropriated9905 | €185,224 | €143,125 | €218,861 | €636,110 | €283,149 | €277,931 | €163,324 | €203,611 | ▲ 24.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €702,944 | €379,454 | €375,374 | €998,141 | €434,602 | €806,139 | €512,326 | €504,523 | ▼ 1.5% |
| Fixed assets21/28 | €73,136 | €50,150 | €23,434 | €3,316 | €4,299 | €7,252 | €96,759 | €86,965 | ▼ 10.1% |
| Tangible fixed assets22/27 | €73,136 | €50,150 | €23,434 | €3,316 | €4,299 | €7,252 | €96,759 | €86,965 | ▼ 10.1% |
| Furniture and vehicles24 | - | - | - | - | €983 | €3,936 | €93,443 | €83,648 | ▼ 10.5% |
| Other tangible fixed assets26 | - | - | - | €3,316 | €3,316 | €3,316 | €3,316 | €3,316 | = |
| Current assets29/58 | €629,808 | €329,304 | €351,939 | €994,824 | €430,303 | €798,887 | €415,567 | €417,558 | ▲ 0.5% |
| Amounts receivable within one year40/41 | €463,479 | €107,889 | €266,127 | €414,565 | €336,860 | €613,543 | €194,093 | €217,234 | ▲ 11.9% |
| Trade receivables40 | - | - | - | €43,110 | €37,766 | €73,326 | €30,430 | €47,987 | ▲ 57.7% |
| Other amounts receivable41 | - | - | - | €371,454 | €299,094 | €540,217 | €163,663 | €169,247 | ▲ 3.4% |
| Current investments50/53 | €38,542 | €46,768 | €64,993 | €65,271 | €65,666 | €71,808 | €106,668 | €131,709 | ▲ 23.5% |
| Cash at bank and in hand54/58 | €108,668 | €160,261 | €14,273 | €511,882 | €23,453 | €109,700 | €110,740 | €63,754 | ▼ 42.4% |
| Deferred charges and accrued income490/1 | - | - | - | €3,107 | €4,324 | €3,836 | €4,065 | €4,861 | ▲ 19.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €702,944 | €379,454 | €375,374 | €998,141 | €434,602 | €806,139 | €512,326 | €504,523 | ▼ 1.5% |
| Equity10/15 | €21,700 | €30,022 | €63,883 | €79,992 | €88,142 | €91,072 | €104,396 | €108,007 | ▲ 3.5% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €3,100 | €11,422 | €45,283 | €45,283 | €45,283 | €45,283 | €85,796 | €85,796 | = |
| Non-distributable reserves130/1 | - | - | - | €3,100 | €3,100 | €3,100 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €3,100 | €3,100 | €3,100 | €0 | - | - |
| Tax-exempt reserves132 | - | - | - | €196 | €196 | €196 | €196 | €196 | = |
| Distributable reserves133 | - | - | - | €41,986 | €41,986 | €41,986 | €85,600 | €85,600 | = |
| Profit (loss) carried forward14 | - | - | - | €16,110 | €24,259 | €27,190 | €0 | €3,611 | - |
| Amounts payable17/49 | €681,244 | €349,432 | €311,491 | €918,148 | €346,460 | €715,066 | €407,930 | €396,516 | ▼ 2.8% |
| Amounts payable after more than one year17 | €165,189 | €101,531 | €40,280 | - | - | - | €109,185 | €43,460 | ▼ 60.2% |
| Financial debts170/4 | - | - | - | - | - | - | €64,185 | €43,460 | ▼ 32.3% |
| Other amounts payable178/9 | - | - | - | - | - | - | €45,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €516,055 | €247,901 | €271,211 | €918,148 | €346,460 | €715,066 | €298,745 | €353,057 | ▲ 18.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €33,075 | - | - | €20,083 | €20,725 | ▲ 3.2% |
| Financial debts43 | - | - | - | €7,264 | €332 | €3,310 | €2,846 | €3,777 | ▲ 32.7% |
| Credit institutions430/8 | - | - | - | €7,264 | €332 | €3,310 | €0 | €3,777 | - |
| Other loans439 | - | - | - | - | - | - | €2,846 | €0 | ▼ 100% |
| Trade debts44 | €14,942 | €47,783 | €849 | €193,141 | €2,448 | €303,424 | €24,690 | €2,398 | ▼ 90.3% |
| Suppliers440/4 | - | - | - | €193,141 | €2,448 | €303,424 | €24,690 | €2,398 | ▼ 90.3% |
| Taxes, remuneration and social security45 | - | - | - | €20,212 | €17,676 | €23,017 | €7,944 | €30,597 | ▲ 285% |
| Taxes450/3 | - | - | - | €20,212 | €17,676 | €23,017 | €7,944 | €30,597 | ▲ 285% |
| Other amounts payable47/48 | - | - | - | €664,456 | €326,004 | €385,315 | €243,182 | €295,560 | ▲ 21.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €185,224 | €143,322 | €218,861 | €636,110 | €283,149 | €277,931 | €163,324 | €203,611 | ▲ 24.7% |
| + Depreciation and write-downs630 | €25,640 | €27,082 | €26,716 | €20,118 | €7 | €203 | €4,896 | €20,785 | ▲ 324% |
| Operating cash flow (approximation) | €210,864 | €170,403 | €245,577 | €656,228 | €283,157 | €278,134 | €168,220 | €224,395 | ▲ 33.4% |
| Investment in fixed assets (approximation) | - | -€4,096 | €0 | €0 | -€990 | -€3,156 | -€94,404 | -€10,990 | ▲ 88.4% |
| Change in cash | - | €51,593 | -€145,987 | €497,608 | -€488,429 | €86,248 | €1,040 | -€46,986 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,609 companies had the same profile as EVERLONG has now. Two years later, 96.8% were still going and 1.0% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
96.8%
was still going
2.1%
stopped otherwise
1.0%
went bankrupt
That fits the bankruptcy probability of EVERLONG itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 2,609 companies, not a prediction for EVERLONG. 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.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-07-2026 | 2026-00348175 | |
| 31-12-2024 | micro format | 13-07-2025 | 2025-00262454 | |
| 31-12-2023 | micro format | 21-07-2024 | 2024-00266745 | |
| 31-12-2022 | micro format | 30-07-2023 | 2023-00290953 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20244920 | |
| 31-12-2020 | micro format | 28-07-2021 | 2021-40900109 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-37700271 | |
| 31-12-2018 | micro format | 29-07-2019 | 2019-38900439 | |
| 31-12-2017 | micro format | 27-07-2018 | 2018-38200408 | |
| 31-12-2016 | micro format | 24-07-2017 | 2017-33900171 |