EVITT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 21-01-2026 PDF all 6 filings
Turnover
≈ €110,000
Estimated: probably between €80,000 and €150,000
Total assets
€67,057▲ 10.3%
2024 · €60,812
Net result
€14,640▲ 225%
2024 · €4,507
Working capital
€57,225▲ 63.7%
2024 · €34,952
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€21,852
▲ 128%
2025
20202025
Net result
€14,640
▲ 225%
2025
lowest quarter of the sector
20202025
Equity
€60,538
▲ 31.9%
2025
middle half of the sector
20202025
Total assets
€67,057
▲ 10.3%
2025
lowest quarter of the sector
20202025
Debt
€6,520
▼ 56.3%
2025
20202025
Working capital
€57,225
▲ 63.7%
2025
middle half of the sector
20202025
Solvency
90.3%
▲ 14.8pp
2025
highest quarter of the sector
20202025
Current ratio
9.78
▲ 6.43
2025
highest quarter of the sector
20202025
Return on assets (ROA)
21.8%
▲ 14.4pp
2025
middle half of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€22,546-€29,461▲ 30.7%€1,539▼ 94.8%€9,844▲ 540%€9,570▼ 2.8%€21,852▲ 128%
Net result€13,494below the sector's middle half-€19,166below the sector's middle half▲ 42.0%-€1,955below the sector's middle half€4,486below the sector's middle half€4,507below the sector's middle half▲ 0.5%€14,640below the sector's middle half▲ 225%
Equity€19,694below the sector's middle half-€38,860below the sector's middle half▲ 97.3%€36,905below the sector's middle half▼ 5.0%€41,391below the sector's middle half▲ 12.2%€45,898below the sector's middle half▲ 10.9%€60,538within the sector's middle half▲ 31.9%
Total assets€91,109below the sector's middle half-€94,739below the sector's middle half▲ 4.0%€72,371below the sector's middle half▼ 23.6%€68,086below the sector's middle half▼ 5.9%€60,812below the sector's middle half▼ 10.7%€67,057below the sector's middle half▲ 10.3%
Debt€71,414-€55,879▼ 21.8%€35,466▼ 36.5%€26,695▼ 24.7%€14,914▼ 44.1%€6,520▼ 56.3%
Working capital-€2,037below the sector's middle half-€17,638below the sector's middle half€15,557below the sector's middle half▼ 11.8%€20,278within the sector's middle half▲ 30.3%€34,952within the sector's middle half▲ 72.4%€57,225within the sector's middle half▲ 63.7%
Solvency21.6%below the sector's middle half-41.0%within the sector's middle half▲ 19.4pp51.0%within the sector's middle half▲ 10.0pp60.8%within the sector's middle half▲ 9.8pp75.5%within the sector's middle half▲ 14.7pp90.3%above the sector's middle half▲ 14.8pp
Current ratio0.94below the sector's middle half-1.56within the sector's middle half▲ 0.621.60within the sector's middle half▲ 0.041.76within the sector's middle half▲ 0.163.34within the sector's middle half▲ 1.589.78above the sector's middle half▲ 6.43
Return on assets (ROA)14.8%within the sector's middle half-20.2%within the sector's middle half▲ 5.4pp-2.7%below the sector's middle half▼ 22.9pp6.6%below the sector's middle half▲ 9.3pp7.4%below the sector's middle half▲ 0.8pp21.8%within the sector's middle half▲ 14.4pp
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.
The operating result for 2025 is 128% higher than in 2024. 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 €67,057
Fixed assets
€3,313 ▼ 69.7%
Current assets
€63,744 ▲ 27.8%
Equity and liabilities €67,057
Equity
€60,538 ▲ 31.9%
Debt
€6,520 ▼ 56.3%
Debt's share of the balance-sheet total falls from 24.5% to 9.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29,485▲
2024 · €21,662
Cash flow
€22,273▲
2024 · €16,599
Debt to equity
0.11▼
2024 · 0.32
ROE
24.2%▲
2024 · 9.8%
Interest coverage
56.01▲
2024 · 20.42
Debt ≤ 1 year
€6,520▼
2024 · €14,914
Income taxes
€8,906▲
2024 · €5,663
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €4,736 | €1,925 | - |
| Depreciation and write-downs of the year | €14,697 | €14,564 | €12,092 | €7,633 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €142 awarded · €142 paidAnnual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,654 | €16,342 | €14,697 | €14,564 | €12,092 | €7,633 | ▼ 36.9% |
| Other operating charges640/8 | - | - | €1,408 | €1,516 | €1,611 | €5,430 | ▲ 237% |
| Gross operating margin9900 | €43,790 | €47,209 | €17,644 | €25,923 | €23,272 | €34,914 | ▲ 50.0% |
| Operating profit (loss)9901 | €22,546 | €29,461 | €1,539 | €9,844 | €9,570 | €21,852 | ▲ 128% |
| Financial income75/76B | - | - | €598 | €1,644 | €1,661 | €2,220 | ▲ 33.7% |
| Recurring financial income75 | - | €110 | €598 | €1,644 | €1,661 | €2,220 | ▲ 33.7% |
| Financial charges65/66B | - | - | €595 | €835 | €1,061 | €526 | ▼ 50.4% |
| Recurring financial charges65 | €1,052 | €472 | €595 | €835 | €1,061 | €526 | ▼ 50.4% |
| Profit (loss) for the period before taxes9903 | €21,494 | €29,099 | €1,543 | €10,652 | €10,170 | €23,546 | ▲ 132% |
| Income taxes67/77 | €8,000 | €9,933 | €3,498 | €6,166 | €5,663 | €8,906 | ▲ 57.2% |
| Profit (loss) for the period9904 | €13,494 | €19,166 | -€1,955 | €4,486 | €4,507 | €14,640 | ▲ 225% |
| Profit (loss) for the period to be appropriated9905 | €13,494 | €19,166 | -€1,955 | €4,486 | €4,507 | €14,640 | ▲ 225% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €91,109 | €94,739 | €72,371 | €68,086 | €60,812 | €67,057 | ▲ 10.3% |
| Fixed assets21/28 | €60,907 | €45,638 | €30,941 | €21,113 | €10,946 | €3,313 | ▼ 69.7% |
| Tangible fixed assets22/27 | €60,907 | €45,638 | €30,941 | €21,113 | €10,946 | €3,313 | ▼ 69.7% |
| Plant, machinery and equipment23 | - | - | €3,547 | €2,341 | €1,135 | €133 | ▼ 88.3% |
| Furniture and vehicles24 | - | - | €27,395 | €18,773 | €9,811 | €3,180 | ▼ 67.6% |
| Current assets29/58 | €30,202 | €49,101 | €41,430 | €46,972 | €49,866 | €63,744 | ▲ 27.8% |
| Amounts receivable within one year40/41 | €1,130 | €11,709 | €20,859 | €46,037 | €46,615 | €45,870 | ▼ 1.6% |
| Trade receivables40 | - | - | €3,684 | €15,407 | €14,446 | €3,578 | ▼ 75.2% |
| Other amounts receivable41 | - | - | €17,175 | €30,630 | €32,169 | €42,291 | ▲ 31.5% |
| Cash at bank and in hand54/58 | €28,554 | €35,959 | €19,551 | €936 | €3,250 | €17,875 | ▲ 450% |
| Deferred charges and accrued income490/1 | - | - | €1,019 | - | - | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €91,109 | €94,739 | €72,371 | €68,086 | €60,812 | €67,057 | ▲ 10.3% |
| Equity10/15 | €19,694 | €38,860 | €36,905 | €41,391 | €45,898 | €60,538 | ▲ 31.9% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €12,860 | €31,860 | €31,860 | €31,860 | €36,360 | €50,860 | ▲ 39.9% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | €30,000 | €30,000 | €36,360 | €50,860 | ▲ 39.9% |
| Profit (loss) carried forward14 | €634 | €800 | -€1,155 | €3,331 | €3,338 | €3,478 | ▲ 4.2% |
| Amounts payable17/49 | €71,414 | €55,879 | €35,466 | €26,695 | €14,914 | €6,520 | ▼ 56.3% |
| Amounts payable after more than one year17 | €39,175 | €24,416 | €9,594 | - | - | - | - |
| Financial debts170/4 | - | - | €9,594 | - | - | - | - |
| Amounts payable within one year42/48 | €32,239 | €31,463 | €25,873 | €26,695 | €14,914 | €6,520 | ▼ 56.3% |
| Current portion of amounts payable after more than one year42 | - | - | €14,822 | €9,594 | - | - | - |
| Financial debts43 | - | - | - | €2,049 | - | - | - |
| Credit institutions430/8 | - | - | - | €2,049 | - | - | - |
| Trade debts44 | €3,908 | €2,117 | €3,614 | €3,400 | €5,626 | €2,620 | ▼ 53.4% |
| Suppliers440/4 | - | - | €3,614 | €3,400 | €5,626 | €2,620 | ▼ 53.4% |
| Taxes, remuneration and social security45 | - | - | €7,437 | €11,652 | €9,288 | €3,900 | ▼ 58.0% |
| Taxes450/3 | - | - | €7,437 | €9,152 | €6,788 | €3,900 | ▼ 42.5% |
| Remuneration and social security454/9 | - | - | - | €2,500 | €2,500 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,494 | €19,166 | -€1,955 | €4,486 | €4,507 | €14,640 | ▲ 225% |
| + Depreciation and write-downs630 | €15,654 | €16,342 | €14,697 | €14,564 | €12,092 | €7,633 | ▼ 36.9% |
| Operating cash flow (approximation) | €29,148 | €35,508 | €12,742 | €19,050 | €16,599 | €22,273 | ▲ 34.2% |
| Investment in fixed assets (approximation) | - | -€1,074 | €0 | -€4,736 | -€1,925 | €0 | - |
| Change in cash | - | €7,405 | -€16,408 | -€18,616 | €2,315 | €14,625 | ▲ 532% |
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, 26,972 companies had the same profile as EVITT has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of EVITT itself is lower: < 0.1% within 12 months. It rests on far more data about EVITT than the profile alone.
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 26,972 companies, not a prediction for EVITT. 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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 21-01-2026 | 2026-00011882 | |
| 30-06-2024 | micro format | 30-01-2025 | 2025-00016257 | |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00012584 | |
| 30-06-2022 | micro format | 23-01-2023 | 2023-00002695 | |
| 30-06-2021 | micro format | 03-01-2022 | 2022-00200162 | |
| 30-06-2020 | micro format | 05-01-2021 | 2021-00200474 |