EVK
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 30-10-2026 at the NBB all 16 filings
Turnover
≈ €190,000
Estimated: probably between €160,000 and €220,000
Total assets
€308,505▼ 22.2%
2025 · €396,641
Net result
-€7,393
2025 · €27,966
Working capital
€208,394▲ 1.2%
2025 · €205,968
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
-€7,749
2026
20192026
Net result
-€7,393
2026
20192026
Equity
€230,560
▼ 3.1%
2026
20192026
Total assets
€308,505
▼ 22.2%
2026
20192026
Debt
€77,945
▼ 50.9%
2026
20192026
Working capital
€208,394
▲ 1.2%
2026
20192026
Solvency
74.7%
▲ 14.7pp
2026
20192026
Current ratio
3.67
▲ 1.38
2026
20192026
Return on assets (ROA)
-2.4%
▼ 9.4pp
2026
20192026
Staff (FTE)
1
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result-€5,731-€7,581€16,372▲ 116%-€1,217€29,896€55,611▲ 86.0%€48,774▼ 12.3%-€7,749
Net result-€6,360-€5,662€11,699within the sector's middle half▲ 107%€1,785below the sector's middle half▼ 84.7%€24,338within the sector's middle half▲ 14×€39,088within the sector's middle half▲ 60.6%€27,966within the sector's middle half▼ 28.5%-€7,393
Equity€350,244-€355,906▲ 1.6%€367,604within the sector's middle half▲ 3.3%€342,532above the sector's middle half▼ 6.8%€366,869above the sector's middle half▲ 7.1%€327,010above the sector's middle half▼ 10.9%€237,953above the sector's middle half▼ 27.2%€230,560▼ 3.1%
Total assets€399,699-€390,870▼ 2.2%€396,926within the sector's middle half▲ 1.5%€361,074within the sector's middle half▼ 9.0%€443,709within the sector's middle half▲ 22.9%€370,691within the sector's middle half▼ 16.5%€396,641within the sector's middle half▲ 7.0%€308,505▼ 22.2%
Debt€49,455-€34,964▼ 29.3%€29,322▼ 16.1%€18,543▼ 36.8%€76,840▲ 314%€43,681▼ 43.2%€158,688▲ 263%€77,945▼ 50.9%
Working capital€343,607-€350,019▲ 1.9%€364,259above the sector's middle half▲ 4.1%€335,206above the sector's middle half▼ 8.0%€315,046above the sector's middle half▼ 6.0%€284,549above the sector's middle half▼ 9.7%€205,968above the sector's middle half▼ 27.6%€208,394▲ 1.2%
Solvency87.6%-91.1%▲ 3.4pp92.6%above the sector's middle half▲ 1.6pp94.9%above the sector's middle half▲ 2.3pp82.7%above the sector's middle half▼ 12.2pp88.2%above the sector's middle half▲ 5.5pp60.0%within the sector's middle half▼ 28.2pp74.7%▲ 14.7pp
Current ratio10.32-12.49▲ 2.1713.42above the sector's middle half▲ 0.9319.08above the sector's middle half▲ 5.655.10above the sector's middle half▼ 13.987.65above the sector's middle half▲ 2.552.30within the sector's middle half▼ 5.353.67▲ 1.38
Return on assets (ROA)-1.6%-1.4%▲ 3.0pp2.9%within the sector's middle half▲ 1.5pp0.5%below the sector's middle half▼ 2.5pp5.5%within the sector's middle half▲ 5.0pp10.5%within the sector's middle half▲ 5.1pp7.1%within the sector's middle half▼ 3.5pp-2.4%▼ 9.4pp
Staff (FTE)1-1=1within the sector's middle half=1=1=1=1
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 2026 is a loss of €7,749, after a profit of €48,774 in 2025. It is the lowest result since 2022.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €308,505
Fixed assets
€22,166 ▼ 30.7%
Current assets
€286,339 ▼ 21.5%
Equity and liabilities €308,505
Equity
€230,560 ▼ 3.1%
Debt
€77,945 ▼ 50.9%
Debt's share of the balance-sheet total falls from 40.0% to 25.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3,570▼
2025 · €60,151
Cash flow
€3,926▼
2025 · €39,342
Debt to equity
0.34▼
2025 · 0.67
ROE
-3.2%▼
2025 · 11.8%
Interest coverage
12.21▼
2025 · over 100
Debt ≤ 1 year
€77,945▼
2025 · €158,688
Income taxes
€1,301▼
2025 · €23,241
Staff costs
€105,054▼
2025 · €109,218
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2026 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 |
| part-time | - | - | 0 | 0 |
| in full-time equivalents | 1 | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 | 1 |
| Training hours | - | 2 | - | - |
Source: social balance sheet in the 2022 to 2026 annual accounts
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,301 | €46,368 | €2,792 | - | €1,500 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €1,321 | €1,871 | €11,254 | €11,376 | €11,319 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €85,498 | €102,848 | €102,102 | €109,218 | €105,054 | ▼ 3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,964 | €10,143 | €10,016 | €1,321 | €1,871 | €11,254 | €11,376 | €11,319 | ▼ 0.5% |
| Other operating charges640/8 | - | - | - | €1,103 | €978 | €110 | €1,031 | €276 | ▼ 73.2% |
| Gross operating margin9900 | €72,529 | €90,527 | €110,659 | €86,705 | €135,594 | €169,077 | €170,399 | €108,900 | ▼ 36.1% |
| Operating profit (loss)9901 | -€5,731 | €7,581 | €16,372 | -€1,217 | €29,896 | €55,611 | €48,774 | -€7,749 | - |
| Financial income75/76B | - | - | - | €1,894 | €1,498 | €0 | €2,867 | €1,950 | ▼ 32.0% |
| Recurring financial income75 | €852 | €2,290 | €3,421 | €1,894 | €1,498 | €0 | €2,867 | €1,950 | ▼ 32.0% |
| Financial charges65/66B | - | - | - | €244 | €194 | €10 | €435 | €292 | ▼ 32.8% |
| Recurring financial charges65 | €635 | €657 | €218 | €244 | €194 | €10 | €435 | €292 | ▼ 32.8% |
| Profit (loss) for the period before taxes9903 | -€5,514 | €8,916 | €19,575 | €433 | €31,201 | €55,601 | €51,207 | -€6,091 | - |
| Income taxes67/77 | €846 | €3,254 | €7,876 | -€1,352 | €6,863 | €16,513 | €23,241 | €1,301 | ▼ 94.4% |
| Profit (loss) for the period9904 | -€6,360 | €5,662 | €11,699 | €1,785 | €24,338 | €39,088 | €27,966 | -€7,393 | - |
| Profit (loss) for the period to be appropriated9905 | -€6,360 | €5,662 | €11,699 | €1,785 | €24,338 | €39,088 | €27,966 | -€7,393 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €399,699 | €390,870 | €396,926 | €361,074 | €443,709 | €370,691 | €396,641 | €308,505 | ▼ 22.2% |
| Fixed assets21/28 | €19,228 | €10,395 | €3,345 | €7,326 | €51,824 | €43,361 | €31,985 | €22,166 | ▼ 30.7% |
| Tangible fixed assets22/27 | €19,228 | €10,395 | €3,345 | €7,326 | €51,824 | €43,361 | €31,985 | €22,166 | ▼ 30.7% |
| Furniture and vehicles24 | - | - | - | €7,326 | €51,824 | €43,361 | €31,985 | €22,166 | ▼ 30.7% |
| Current assets29/58 | €380,471 | €380,475 | €393,581 | €353,748 | €391,886 | €327,330 | €364,656 | €286,339 | ▼ 21.5% |
| Amounts receivable within one year40/41 | €19,914 | €58,690 | €66,773 | €26,674 | €52,318 | €0 | €54,618 | €8,741 | ▼ 84.0% |
| Trade receivables40 | - | - | - | - | - | - | €41,387 | €7,500 | ▼ 81.9% |
| Other amounts receivable41 | - | - | - | €26,674 | €52,318 | €0 | €13,231 | €1,241 | ▼ 90.6% |
| Current investments50/53 | €318,988 | €318,988 | €313,988 | €318,988 | €313,988 | €313,988 | €286,062 | €266,327 | ▼ 6.9% |
| Cash at bank and in hand54/58 | €41,569 | €2,797 | €12,820 | €8,087 | €25,580 | €13,342 | €23,977 | €11,272 | ▼ 53.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €399,699 | €390,870 | €396,926 | €361,074 | €443,709 | €370,691 | €396,641 | €308,505 | ▼ 22.2% |
| Equity10/15 | €350,244 | €355,906 | €367,604 | €342,532 | €366,869 | €327,010 | €237,953 | €230,560 | ▼ 3.1% |
| Contributions10/11 | €8,550 | €8,550 | - | €8,550 | €8,550 | €8,550 | €8,550 | €8,550 | = |
| Reserves13 | €349,826 | €349,826 | €359,054 | €333,982 | €358,319 | €318,460 | €229,403 | €222,010 | ▼ 3.2% |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | €1,855 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | €1,855 | €0 | - | - |
| Distributable reserves133 | - | - | - | €332,127 | €356,464 | €316,605 | €229,403 | €222,010 | ▼ 3.2% |
| Profit (loss) carried forward14 | -€8,132 | -€2,470 | - | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €49,455 | €34,964 | €29,322 | €18,543 | €76,840 | €43,681 | €158,688 | €77,945 | ▼ 50.9% |
| Amounts payable after more than one year17 | €12,591 | €4,508 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €36,864 | €30,456 | €29,322 | €18,543 | €76,840 | €42,781 | €158,688 | €77,945 | ▼ 50.9% |
| Trade debts44 | €6,203 | €7,223 | €4,048 | €2,921 | €48,801 | €1,364 | €9,591 | €889 | ▼ 90.7% |
| Suppliers440/4 | - | - | - | €2,921 | €48,801 | €1,364 | €9,591 | €889 | ▼ 90.7% |
| Taxes, remuneration and social security45 | - | - | - | €15,622 | €28,039 | €32,514 | €32,074 | €23,367 | ▼ 27.1% |
| Taxes450/3 | - | - | - | €5,951 | €9,952 | €21,450 | €19,797 | €11,631 | ▼ 41.2% |
| Remuneration and social security454/9 | - | - | - | €9,671 | €18,087 | €11,064 | €12,278 | €11,736 | ▼ 4.4% |
| Other amounts payable47/48 | - | - | - | - | - | €8,903 | €117,023 | €53,689 | ▼ 54.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €900 | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,360 | €5,662 | €11,699 | €1,785 | €24,338 | €39,088 | €27,966 | -€7,393 | - |
| + Depreciation and write-downs630 | €9,964 | €10,143 | €10,016 | €1,321 | €1,871 | €11,254 | €11,376 | €11,319 | ▼ 0.5% |
| Operating cash flow (approximation) | €3,604 | €15,805 | €21,715 | €3,106 | €26,208 | €50,342 | €39,342 | €3,926 | ▼ 90.0% |
| Investment in fixed assets (approximation) | - | -€1,310 | -€2,966 | -€5,302 | -€46,368 | -€2,792 | €0 | -€1,500 | - |
| Change in cash | - | -€38,772 | €10,023 | -€4,733 | €17,493 | -€12,238 | €10,634 | -€12,705 | - |
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, 6,908 companies had the same profile as EVK has now. Two years later, 90.9% were still going and 1.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
90.9%
was still going
7.8%
stopped otherwise
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EVK itself: 0.2% 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 6,908 companies, not a prediction for EVK. 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 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 30-10-2026 | 2026-00596274 | |
| 31-03-2025 | micro format | 21-10-2025 | 2025-00546057 | |
| 31-03-2024 | micro format | 30-12-2024 | 2025-00630646 | |
| 31-03-2023 | micro format | 31-10-2023 | 2023-00507921 | |
| 31-03-2022 | micro format | 02-11-2022 | 2022-20518059 | |
| 31-03-2021 | abbreviated format | 07-10-2021 | 2021-71500104 | |
| 31-03-2020 | abbreviated format | 18-09-2020 | 2020-53900523 | |
| 31-03-2019 | abbreviated format | 01-10-2019 | 2019-67600052 | |
| 31-03-2018 | abbreviated format | 11-10-2018 | 2018-69300120 | |
| 31-03-2017 | abbreviated format | 30-10-2017 | 2017-68400098 |