EVN CONSULTING
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 22-07-2026 at the NBB all 17 filings
Turnover
≈ €140,000
Estimated: probably between €100,000 and €220,000
Total assets
€742,251▲ 0.4%
2024 · €739,543
Net result
€22,912▼ 0.5%
2024 · €23,034
Working capital
€217,443▲ 19.4%
2024 · €182,161
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€42,818
▼ 4.5%
2025
20182025
Net result
€22,912
▼ 0.5%
2025
middle half of the sector
20182025
Equity
€419,470
▲ 5.8%
2025
middle half of the sector
20182025
Total assets
€742,251
▲ 0.4%
2025
middle half of the sector
20182025
Debt
€322,781
▼ 5.9%
2025
20182025
Working capital
€217,443
▲ 19.4%
2025
middle half of the sector
20182025
Solvency
56.5%
▲ 2.9pp
2025
middle half of the sector
20182025
Current ratio
2.65
▲ 0.34
2025
middle half of the sector
20182025
Return on assets (ROA)
3.1%
=
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€137,517-€173,125▲ 25.9%€177,570▲ 2.6%-€3,350€34,354€28,219▼ 17.9%€44,853▲ 58.9%€42,818▼ 4.5%
Net result€93,556-€113,311▲ 21.1%€123,215above the sector's middle half▲ 8.7%-€7,724below the sector's middle half€22,170within the sector's middle half€14,737within the sector's middle half▼ 33.5%€23,034within the sector's middle half▲ 56.3%€22,912within the sector's middle half▼ 0.5%
Equity€511,872-€625,183▲ 22.1%€562,960within the sector's middle half▼ 10.0%€441,305within the sector's middle half▼ 21.6%€463,475within the sector's middle half▲ 5.0%€478,212within the sector's middle half▲ 3.2%€396,559within the sector's middle half▼ 17.1%€419,470within the sector's middle half▲ 5.8%
Total assets€812,605-€862,991▲ 6.2%€858,025within the sector's middle half▼ 0.6%€713,304within the sector's middle half▼ 16.9%€586,974within the sector's middle half▼ 17.7%€757,218within the sector's middle half▲ 29.0%€739,543within the sector's middle half▼ 2.3%€742,251within the sector's middle half▲ 0.4%
Debt€300,733-€237,808▼ 20.9%€295,064▲ 24.1%€271,999▼ 7.8%€123,499▼ 54.6%€279,006▲ 126%€342,984▲ 22.9%€322,781▼ 5.9%
Working capital€371,254-€458,594▲ 23.5%€372,643above the sector's middle half▼ 18.7%€232,110within the sector's middle half▼ 37.7%€225,125within the sector's middle half▼ 3.0%€234,172within the sector's middle half▲ 4.0%€182,161within the sector's middle half▼ 22.2%€217,443within the sector's middle half▲ 19.4%
Solvency63.0%-72.4%▲ 9.5pp65.6%within the sector's middle half▼ 6.8pp61.9%within the sector's middle half▼ 3.7pp79.0%above the sector's middle half▲ 17.1pp63.2%within the sector's middle half▼ 15.8pp53.6%within the sector's middle half▼ 9.5pp56.5%within the sector's middle half▲ 2.9pp
Current ratio4.98-6.34▲ 1.362.87within the sector's middle half▼ 3.472.00within the sector's middle half▼ 0.872.82within the sector's middle half▲ 0.824.53above the sector's middle half▲ 1.702.31within the sector's middle half▼ 2.222.65within the sector's middle half▲ 0.34
Return on assets (ROA)11.5%-13.1%▲ 1.6pp14.4%above the sector's middle half▲ 1.2pp-1.1%below the sector's middle half▼ 15.4pp3.8%within the sector's middle half▲ 4.9pp1.9%within the sector's middle half▼ 1.8pp3.1%within the sector's middle half▲ 1.2pp3.1%within the sector's middle half=
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 5% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated 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 €742,251
Fixed assets
€392,787 ▼ 6.0%
Current assets
€349,464 ▲ 8.7%
Equity and liabilities €742,251
Equity
€419,470 ▲ 5.8%
Debt
€322,781 ▼ 5.9%
Debt's share of the balance-sheet total falls from 46.4% to 43.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€67,961▼
2024 · €83,590
Cash flow
€48,055▼
2024 · €61,771
Debt to equity
0.77▼
2024 · 0.86
ROE
5.5%▼
2024 · 5.8%
Interest coverage
6.35▼
2024 · 7.50
Debt ≤ 1 year
€132,021▼
2024 · €139,451
Debt > 1 year
€188,879▼
2024 · €201,493
Income taxes
€9,715▼
2024 · €12,478
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 | - | - | €257,600 | - | - |
| Financial fixed assets | - | €20,000 | - | - | - |
| Depreciation and write-downs of the year | €37,082 | €30,573 | €39,282 | €38,737 | €25,143 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €65,931 | €40,469 | €39,506 | €37,082 | €30,573 | €39,282 | €38,737 | €25,143 | ▼ 35.1% |
| Other operating charges640/8 | - | - | - | €2,425 | €1,141 | €1,894 | €3,310 | €2,572 | ▼ 22.3% |
| Gross operating margin9900 | €205,499 | €214,766 | €220,627 | €36,157 | €66,069 | €69,394 | €86,900 | €70,533 | ▼ 18.8% |
| Operating profit (loss)9901 | €137,517 | €173,125 | €177,570 | -€3,350 | €34,354 | €28,219 | €44,853 | €42,818 | ▼ 4.5% |
| Financial income75/76B | - | - | - | €36 | €0 | €438 | €1,800 | €514 | ▼ 71.5% |
| Recurring financial income75 | €1,210 | €2,091 | €2,518 | €36 | €0 | €438 | €1,800 | €514 | ▼ 71.5% |
| Financial charges65/66B | - | - | - | €3,990 | €3,398 | €7,272 | €11,140 | €10,704 | ▼ 3.9% |
| Recurring financial charges65 | €1,602 | €3,249 | €2,529 | €3,990 | €3,398 | €7,272 | €11,140 | €10,704 | ▼ 3.9% |
| Profit (loss) for the period before taxes9903 | €137,126 | €171,967 | €177,560 | -€7,304 | €30,956 | €21,385 | €35,513 | €32,627 | ▼ 8.1% |
| Income taxes67/77 | €43,570 | €58,656 | €54,345 | €421 | €8,786 | €6,647 | €12,478 | €9,715 | ▼ 22.1% |
| Profit (loss) for the period9904 | €93,556 | €113,311 | €123,215 | -€7,724 | €22,170 | €14,737 | €23,034 | €22,912 | ▼ 0.5% |
| Profit (loss) for the period to be appropriated9905 | €93,556 | €113,311 | €123,215 | -€7,724 | €22,170 | €14,737 | €23,034 | €22,912 | ▼ 0.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €812,605 | €862,991 | €858,025 | €713,304 | €586,974 | €757,218 | €739,543 | €742,251 | ▲ 0.4% |
| Fixed assets21/28 | €348,024 | €318,440 | €286,005 | €248,923 | €238,350 | €456,667 | €417,931 | €392,787 | ▼ 6.0% |
| Tangible fixed assets22/27 | €348,024 | €318,440 | €286,005 | €248,923 | €218,350 | €436,667 | €397,931 | €372,787 | ▼ 6.3% |
| Land and buildings22 | - | - | - | €184,000 | €172,500 | €402,255 | €372,745 | €356,771 | ▼ 4.3% |
| Plant, machinery and equipment23 | - | - | - | €1,165 | €33 | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €7,492 | €4,330 | €1,416 | €679 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | €56,266 | €41,487 | €32,997 | €24,506 | €16,016 | ▼ 34.6% |
| Financial fixed assets28 | - | - | - | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Current assets29/58 | €464,580 | €544,551 | €572,019 | €464,381 | €348,624 | €300,551 | €321,612 | €349,464 | ▲ 8.7% |
| Amounts receivable within one year40/41 | €64,884 | €73,808 | €79,846 | €97,689 | €30,489 | €136,444 | €272,446 | €322,926 | ▲ 18.5% |
| Trade receivables40 | - | - | - | €88,110 | €22,196 | €65,071 | €82,206 | €76,752 | ▼ 6.6% |
| Other amounts receivable41 | - | - | - | €9,579 | €8,293 | €71,373 | €190,241 | €246,175 | ▲ 29.4% |
| Cash at bank and in hand54/58 | €399,696 | €470,743 | €492,173 | €362,947 | €316,726 | €164,106 | €49,166 | €26,157 | ▼ 46.8% |
| Deferred charges and accrued income490/1 | - | - | - | €3,745 | €1,409 | €0 | - | €381 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €812,605 | €862,991 | €858,025 | €713,304 | €586,974 | €757,218 | €739,543 | €742,251 | ▲ 0.4% |
| Equity10/15 | €511,872 | €625,183 | €562,960 | €441,305 | €463,475 | €478,212 | €396,559 | €419,470 | ▲ 5.8% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €499,472 | €612,783 | €550,560 | €436,629 | €451,075 | €465,812 | €384,159 | €407,070 | ▲ 6.0% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €434,769 | €449,215 | €465,812 | €384,159 | €407,070 | ▲ 6.0% |
| Profit (loss) carried forward14 | - | - | - | -€7,724 | €0 | - | €0 | €0 | - |
| Amounts payable17/49 | €300,733 | €237,808 | €295,064 | €271,999 | €123,499 | €279,006 | €342,984 | €322,781 | ▼ 5.9% |
| Amounts payable after more than one year17 | €207,407 | €151,852 | €95,688 | €38,910 | €0 | €212,627 | €201,493 | €188,879 | ▼ 6.3% |
| Financial debts170/4 | - | - | - | €38,910 | €0 | €212,627 | €201,493 | €188,879 | ▼ 6.3% |
| Amounts payable within one year42/48 | €93,326 | €85,956 | €199,376 | €232,271 | €123,499 | €66,379 | €139,451 | €132,021 | ▼ 5.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €56,778 | €39,747 | €12,650 | €12,691 | €12,614 | ▼ 0.6% |
| Financial debts43 | - | - | - | - | - | - | - | €63,283 | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €63,283 | - |
| Trade debts44 | €4,144 | €1,834 | €6,959 | €4,580 | €7,006 | €15,048 | €13,954 | €25,309 | ▲ 81.4% |
| Suppliers440/4 | - | - | - | €4,580 | €7,006 | €15,048 | €13,954 | €25,309 | ▲ 81.4% |
| Taxes, remuneration and social security45 | - | - | - | €27,221 | €1,367 | €8,012 | €8,119 | €25,780 | ▲ 218% |
| Taxes450/3 | - | - | - | €27,221 | €312 | €8,012 | €8,119 | €15,894 | ▲ 95.8% |
| Remuneration and social security454/9 | - | - | - | - | €1,055 | €0 | - | €9,886 | - |
| Other amounts payable47/48 | - | - | - | €143,692 | €75,379 | €30,670 | €104,688 | €5,035 | ▼ 95.2% |
| Accrued charges and deferred income492/3 | - | - | - | €819 | €0 | - | €2,040 | €1,881 | ▼ 7.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €93,556 | €113,311 | €123,215 | -€7,724 | €22,170 | €14,737 | €23,034 | €22,912 | ▼ 0.5% |
| + Depreciation and write-downs630 | €65,931 | €40,469 | €39,506 | €37,082 | €30,573 | €39,282 | €38,737 | €25,143 | ▼ 35.1% |
| Operating cash flow (approximation) | €159,487 | €153,780 | €162,721 | €29,358 | €52,743 | €54,020 | €61,771 | €48,055 | ▼ 22.2% |
| Investment in fixed assets (approximation) | - | -€10,884 | -€7,072 | €0 | -€20,000 | -€257,600 | €0 | €0 | - |
| Change in cash | - | €71,047 | €21,430 | -€129,226 | -€46,221 | -€152,620 | -€114,940 | -€23,009 | ▲ 80.0% |
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, 6,049 companies had the same profile as EVN CONSULTING has now. Two years later, 95.9% were still going and 0.4% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.9%
was still going
3.6%
stopped otherwise
0.4%
went bankrupt
That fits the bankruptcy probability of EVN CONSULTING 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 6,049 companies, not a prediction for EVN CONSULTING. 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 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 22-07-2026 | 2026-00324518 | |
| 31-12-2024 | abbreviated format | 26-08-2025 | 2025-00414185 | |
| 31-12-2023 | abbreviated format | 18-07-2024 | 2024-00256639 | |
| 31-12-2022 | abbreviated format | 30-08-2023 | 2023-00400361 | |
| 31-12-2021 | abbreviated format | 01-08-2022 | 2022-20267091 | |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-62200137 | |
| 31-12-2019 | abbreviated format | 08-07-2020 | 2020-27600183 | |
| 31-12-2018 | abbreviated format | 18-06-2019 | 2019-19400055 | |
| 31-12-2017 | abbreviated format | 03-08-2018 | 2018-43600543 | |
| 31-12-2016 | abbreviated format | 26-06-2017 | 2017-22200221 |