EVIDENT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 25 filings
Turnover
≈ €180,000
Estimated: probably between €160,000 and €250,000
Total assets
€392,147▲ 12.5%
2024 · €348,566
Net result
€45,453▲ 11×
2024 · €4,082
Working capital
€64,269▲ 154%
2024 · €25,287
In the rankings
#10 oldest company in Ypres, Telecoms and IT sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€72,493
▲ 598%
2025
20182025
Net result
€45,453
▲ 11×
2025
middle half of the sector
20182025
Equity
€211,312
▲ 27.4%
2025
highest quarter of the sector
20182025
Total assets
€392,147
▲ 12.5%
2025
highest quarter of the sector
20182025
Debt
€180,835
▼ 1.0%
2025
20182025
Working capital
€64,269
▲ 154%
2025
middle half of the sector
20182025
Solvency
53.9%
▲ 6.3pp
2025
middle half of the sector
20182025
Current ratio
2.23
▲ 0.52
2025
middle half of the sector
20182025
Return on assets (ROA)
11.6%
▲ 10.4pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€11,411-€18,236▲ 59.8%€11,003▼ 39.7%€9,539▼ 13.3%€10,608▲ 11.2%€11,082▲ 4.5%€10,386▼ 6.3%€72,493▲ 598%
Net result€3,188-€7,806▲ 145%€3,574within the sector's middle half▼ 54.2%€2,626below the sector's middle half▼ 26.5%€3,471below the sector's middle half▲ 32.2%€4,142within the sector's middle half▲ 19.3%€4,082below the sector's middle half▼ 1.5%€45,453within the sector's middle half▲ 11×
Equity€140,157-€147,964▲ 5.6%€151,538within the sector's middle half▲ 2.4%€154,164within the sector's middle half▲ 1.7%€157,635within the sector's middle half▲ 2.3%€161,777above the sector's middle half▲ 2.6%€165,859above the sector's middle half▲ 2.5%€211,312above the sector's middle half▲ 27.4%
Total assets€430,983-€419,958▼ 2.6%€417,417above the sector's middle half▼ 0.6%€394,754above the sector's middle half▼ 5.4%€377,995above the sector's middle half▼ 4.2%€358,260above the sector's middle half▼ 5.2%€348,566above the sector's middle half▼ 2.7%€392,147above the sector's middle half▲ 12.5%
Debt€290,826-€271,995▼ 6.5%€265,879▼ 2.2%€240,590▼ 9.5%€220,360▼ 8.4%€196,483▼ 10.8%€182,707▼ 7.0%€180,835▼ 1.0%
Working capital-€25,089--€16,234▲ 35.3%€20,472within the sector's middle half€10,396below the sector's middle half▼ 49.2%€14,938within the sector's middle half▲ 43.7%€20,130within the sector's middle half▲ 34.8%€25,287within the sector's middle half▲ 25.6%€64,269within the sector's middle half▲ 154%
Solvency32.5%-35.2%▲ 2.7pp36.3%within the sector's middle half▲ 1.1pp39.1%within the sector's middle half▲ 2.7pp41.7%within the sector's middle half▲ 2.6pp45.2%within the sector's middle half▲ 3.5pp47.6%within the sector's middle half▲ 2.4pp53.9%within the sector's middle half▲ 6.3pp
Current ratio0.52-0.69▲ 0.171.64within the sector's middle half▲ 0.951.27below the sector's middle half▼ 0.371.40within the sector's middle half▲ 0.141.64within the sector's middle half▲ 0.241.70within the sector's middle half▲ 0.062.23within the sector's middle half▲ 0.52
Return on assets (ROA)0.7%-1.9%▲ 1.1pp0.9%below the sector's middle half▼ 1.0pp0.7%below the sector's middle half▼ 0.2pp0.9%below the sector's middle half▲ 0.3pp1.2%below the sector's middle half▲ 0.2pp1.2%below the sector's middle half=11.6%within the sector's middle half▲ 10.4pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 7 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €392,147
Fixed assets
€275,427 ▼ 4.1%
Current assets
€116,719 ▲ 90.5%
Equity and liabilities €392,147
Equity
€211,312 ▲ 27.4%
Debt
€180,835 ▼ 1.0%
Debt's share of the balance-sheet total falls from 52.4% to 46.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€92,655▲
2024 · €29,767
Cash flow
€65,615▲
2024 · €23,463
Debt to equity
0.86▼
2024 · 1.10
ROE
21.5%▲
2024 · 2.5%
Interest coverage
22.96▲
2024 · 6.77
Debt ≤ 1 year
€52,451▲
2024 · €35,988
Debt > 1 year
€128,333▼
2024 · €146,666
Income taxes
€23,005▲
2024 · €1,905
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 | - | - | - | - | €8,299 |
| Depreciation and write-downs of the year | €19,381 | €19,381 | €19,381 | €19,381 | €20,162 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €2,420 awarded · €2,420 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,238 | €19,381 | €19,381 | €19,381 | €19,381 | €19,381 | €19,381 | €20,162 | ▲ 4.0% |
| Other operating charges640/8 | - | - | - | €1,972 | €2,040 | €2,239 | €2,275 | €4,091 | ▲ 79.8% |
| Gross operating margin9900 | €36,372 | €39,353 | €32,350 | €30,892 | €32,029 | €32,703 | €32,042 | €96,747 | ▲ 202% |
| Operating profit (loss)9901 | €11,411 | €18,236 | €11,003 | €9,539 | €10,608 | €11,082 | €10,386 | €72,493 | ▲ 598% |
| Financial charges65/66B | - | - | - | €5,605 | €5,407 | €5,007 | €4,399 | €4,035 | ▼ 8.3% |
| Recurring financial charges65 | €6,338 | €5,935 | €5,650 | €5,605 | €5,407 | €5,007 | €4,399 | €4,035 | ▼ 8.3% |
| Profit (loss) for the period before taxes9903 | €5,073 | €12,302 | €5,353 | €3,934 | €5,201 | €6,076 | €5,986 | €68,458 | ▲ 11× |
| Income taxes67/77 | €1,885 | €4,495 | €1,779 | €1,308 | €1,730 | €1,933 | €1,905 | €23,005 | ▲ 12× |
| Profit (loss) for the period9904 | €3,188 | €7,806 | €3,574 | €2,626 | €3,471 | €4,142 | €4,082 | €45,453 | ▲ 11× |
| Profit (loss) for the period to be appropriated9905 | €3,188 | €7,806 | €3,574 | €2,626 | €3,471 | €4,142 | €4,082 | €45,453 | ▲ 11× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €430,983 | €419,958 | €417,417 | €394,754 | €377,995 | €358,260 | €348,566 | €392,147 | ▲ 12.5% |
| Fixed assets21/28 | €403,579 | €384,198 | €364,816 | €345,435 | €326,054 | €306,672 | €287,291 | €275,427 | ▼ 4.1% |
| Tangible fixed assets22/27 | €380,051 | €360,670 | €341,288 | €321,907 | €302,526 | €283,144 | €263,763 | €251,899 | ▼ 4.5% |
| Land and buildings22 | - | - | - | €304,534 | €286,600 | €268,667 | €250,733 | €240,317 | ▼ 4.2% |
| Plant, machinery and equipment23 | - | - | - | €17,373 | €15,925 | €14,478 | €13,030 | €11,582 | ▼ 11.1% |
| Financial fixed assets28 | €23,528 | €23,528 | €23,528 | €23,528 | €23,528 | €23,528 | €23,528 | €23,528 | = |
| Current assets29/58 | €27,404 | €35,761 | €52,601 | €49,319 | €51,942 | €51,588 | €61,275 | €116,719 | ▲ 90.5% |
| Amounts receivable within one year40/41 | €13,918 | €15,953 | €40,320 | €42,084 | €24,000 | €25,444 | €34,670 | €56,290 | ▲ 62.4% |
| Trade receivables40 | - | - | - | €30,320 | €10,320 | €11,279 | €12,320 | €32,220 | ▲ 162% |
| Other amounts receivable41 | - | - | - | €11,764 | €13,680 | €14,166 | €22,350 | €24,070 | ▲ 7.7% |
| Cash at bank and in hand54/58 | €13,128 | €19,468 | €12,281 | €868 | €21,494 | €25,659 | €26,605 | €59,926 | ▲ 125% |
| Deferred charges and accrued income490/1 | - | - | - | €6,367 | €6,448 | €484 | - | €503 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €430,983 | €419,958 | €417,417 | €394,754 | €377,995 | €358,260 | €348,566 | €392,147 | ▲ 12.5% |
| Equity10/15 | €140,157 | €147,964 | €151,538 | €154,164 | €157,635 | €161,777 | €165,859 | €211,312 | ▲ 27.4% |
| Contributions10/11 | €78,678 | €78,678 | - | €78,678 | €78,678 | €78,678 | €78,678 | €78,678 | = |
| Reserves13 | €61,479 | €69,286 | €72,860 | €75,486 | €78,957 | €83,100 | €87,181 | €132,634 | ▲ 52.1% |
| Non-distributable reserves130/1 | - | - | - | €5,395 | €5,395 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €5,395 | €5,395 | - | - | - | - |
| Distributable reserves133 | - | - | - | €70,091 | €73,562 | €83,100 | €87,181 | €132,634 | ▲ 52.1% |
| Amounts payable17/49 | €290,826 | €271,995 | €265,879 | €240,590 | €220,360 | €196,483 | €182,707 | €180,835 | ▼ 1.0% |
| Amounts payable after more than one year17 | €238,333 | €220,000 | €233,750 | €201,667 | €183,333 | €165,000 | €146,666 | €128,333 | ▼ 12.5% |
| Financial debts170/4 | - | - | - | €201,667 | €183,333 | €165,000 | €146,666 | €128,333 | ▼ 12.5% |
| Amounts payable within one year42/48 | €52,492 | €51,995 | €32,129 | €38,923 | €37,003 | €31,458 | €35,988 | €52,451 | ▲ 45.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €19,861 | €18,333 | €18,333 | €18,333 | €18,333 | = |
| Trade debts44 | €142 | €105 | €68 | €482 | €67 | €156 | €5,114 | €216 | ▼ 95.8% |
| Suppliers440/4 | - | - | - | €482 | €67 | €156 | €5,114 | €216 | ▼ 95.8% |
| Advances received on contracts in progress46 | - | - | - | €5,000 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €3,087 | €8,109 | €2,475 | €2,047 | €23,408 | ▲ 11× |
| Taxes450/3 | - | - | - | €3,087 | €8,109 | €2,475 | €2,047 | €23,408 | ▲ 11× |
| Other amounts payable47/48 | - | - | - | €10,494 | €10,494 | €10,494 | €10,494 | €10,494 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | €24 | €25 | €52 | €51 | ▼ 2.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,188 | €7,806 | €3,574 | €2,626 | €3,471 | €4,142 | €4,082 | €45,453 | ▲ 11× |
| + Depreciation and write-downs630 | €23,238 | €19,381 | €19,381 | €19,381 | €19,381 | €19,381 | €19,381 | €20,162 | ▲ 4.0% |
| Operating cash flow (approximation) | €26,426 | €27,188 | €22,956 | €22,007 | €22,852 | €23,524 | €23,463 | €65,615 | ▲ 180% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | -€8,299 | - |
| Change in cash | - | €6,341 | -€7,187 | -€11,413 | €20,626 | €4,166 | €946 | €33,322 | ▲ 35× |
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, 31,368 companies had the same profile as EVIDENT has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EVIDENT 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 31,368 companies, not a prediction for EVIDENT. 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 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 01-07-2026 | 2026-00243723 | |
| 31-12-2024 | micro format | 26-06-2025 | 2025-00188549 | |
| 31-12-2023 | micro format | 06-06-2024 | 2024-00116070 | |
| 31-12-2022 | micro format | 12-06-2023 | 2023-00123641 | |
| 31-12-2021 | micro format | 20-06-2022 | 2022-20118381 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-28400102 | |
| 31-12-2019 | micro format | 24-06-2020 | 2020-20300596 | |
| 31-12-2018 | micro format | 19-06-2019 | 2019-20000494 | |
| 31-12-2017 | micro format | 11-06-2018 | 2018-17500203 | |
| 31-12-2016 | micro format | 13-06-2017 | 2017-17000104 |