EVOLUTION
Dissolution or liquidationThe KBO register records for EVOLUTION the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. Dissolved on 18-12-2025, in liquidation; liquidator: NAUWELAERS Gabriella, formerly director.
Summary
The 2025 annual accounts show equity of €324,666 and a net result of €297,827.
Financials · fiscal year 2025, micro schema
Equity
€324,666▲ 323%
2025 · €76,839
Total assets
€480,039▲ 347%
2025 · €107,464
Net result
€297,827
2025 · -€11,108
Working capital
€324,666
2025 · -€30,599
Trend over the years
2022 to 2025, 5 fiscal years 2018 to 2025, 9 fiscal years
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result€420,942
2025
Net result€297,827
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€480,039
2025
Equity€324,666
2025
Debt€155,373
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€324,666
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)62.0%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency67.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio3.09
2025
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020202120222023202420252025
Operating result-€1,796--€1,945▼ 8.3%-€1,642▲ 15.6%-€1,426▲ 13.1%-€199▲ 86.1%-€14▲ 93.0%-€5,843▼ 41,755%-€11,013▼ 88.5%€420,942-
Net result-€2,198--€2,159▲ 1.8%-€1,863▲ 13.7%-€1,665within the sector's middle half▲ 10.6%-€433within the sector's middle half▲ 74.0%-€251within the sector's middle half▲ 42.1%-€6,087below the sector's middle half▼ 2,326%-€11,108below the sector's middle half▼ 82.5%€297,827above the sector's middle half-
Equity€100,405-€98,246▼ 2.2%€96,383▼ 1.9%€94,718within the sector's middle half▼ 1.7%€94,285within the sector's middle half▼ 0.5%€94,034within the sector's middle half▼ 0.3%€87,947within the sector's middle half▼ 6.5%€76,839within the sector's middle half▼ 12.6%€324,666above the sector's middle half-
Total assets€138,713-€133,922▼ 3.5%€129,480▼ 3.3%€125,609within the sector's middle half▼ 3.0%€122,338within the sector's middle half▼ 2.6%€117,749within the sector's middle half▼ 3.8%€112,266within the sector's middle half▼ 4.7%€107,464within the sector's middle half▼ 4.3%€480,039above the sector's middle half-
Debt€38,308-€35,677▼ 6.9%€33,097▼ 7.2%€30,891▼ 6.7%€28,053▼ 9.2%€23,715▼ 15.5%€24,319▲ 2.5%€30,625▲ 25.9%€155,373-
Working capital-€37,037--€34,858▲ 5.9%-€32,383▲ 7.1%-€29,710within the sector's middle half▲ 8.3%-€25,805within the sector's middle half▲ 13.1%-€21,718within the sector's middle half▲ 15.8%-€23,467within the sector's middle half▼ 8.1%-€30,599within the sector's middle half▼ 30.4%€324,666above the sector's middle half-
Solvency72.4%-73.4%▲ 1.0pp74.4%▲ 1.1pp75.4%above the sector's middle half▲ 1.0pp77.1%above the sector's middle half▲ 1.7pp79.9%above the sector's middle half▲ 2.8pp78.3%above the sector's middle half▼ 1.5pp71.5%above the sector's middle half▼ 6.8pp67.6%above the sector's middle half-
Current ratio0.03-0.02▼ 0.010.02=0.04below the sector's middle half▲ 0.020.08below the sector's middle half▲ 0.040.08below the sector's middle half=0.04below the sector's middle half▼ 0.050.00below the sector's middle half▼ 0.033.09above the sector's middle half-
Return on assets (ROA)-1.6%--1.6%=-1.4%▲ 0.2pp-1.3%within the sector's middle half▲ 0.1pp-0.4%within the sector's middle half▲ 1.0pp-0.2%within the sector's middle half▲ 0.1pp-5.4%below the sector's middle half▼ 5.2pp-10.3%below the sector's middle half▼ 4.9pp62.0%above the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2025 as the grey bar beneath
Equity and liabilities €480,039
Equity
€324,666 ▲ 323%
Debt
€155,373 ▲ 407%
Debt's share of the balance-sheet total rises from 28.5% to 32.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€420,942▲
2025 · -€7,036
Cash flow
€297,827▲
2025 · -€7,132
Debt to equity
0.48▲
2025 · 0.40
ROE
91.7%▲
2025 · -14.5%
Interest coverage
2751.25▲
2025 · -73.76
Debt ≤ 1 year
€155,373▲
2025 · €30,625
Income taxes
€122,961
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,338 | €4,338 | €4,338 | €4,338 | €4,338 | €4,338 | €4,338 | €3,977 | €0 | - |
| Other operating charges640/8 | - | - | - | €1,037 | €1,052 | €1,154 | €1,193 | €1,229 | €0 | - |
| Gross operating margin9900 | €3,513 | €3,377 | €3,728 | €3,949 | €5,191 | €5,478 | -€312 | -€5,808 | €420,942 | - |
| Operating profit (loss)9901 | -€1,796 | -€1,945 | -€1,642 | -€1,426 | -€199 | -€14 | -€5,843 | -€11,013 | €420,942 | - |
| Financial charges65/66B | - | - | - | €239 | €234 | €237 | €244 | €95 | €153 | - |
| Recurring financial charges65 | €403 | €215 | €221 | €239 | €234 | €237 | €244 | €95 | €153 | - |
| Profit (loss) for the period before taxes9903 | -€2,198 | -€2,159 | -€1,863 | -€1,665 | -€433 | -€251 | -€6,087 | -€11,108 | €420,789 | - |
| Income taxes67/77 | - | - | - | - | - | - | - | - | €122,961 | - |
| Profit (loss) for the period9904 | -€2,198 | -€2,159 | -€1,863 | -€1,665 | -€433 | -€251 | -€6,087 | -€11,108 | €297,827 | - |
| Profit (loss) for the period to be appropriated9905 | -€2,198 | -€2,159 | -€1,863 | -€1,665 | -€433 | -€251 | -€6,087 | -€11,108 | €297,827 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Total assets20/58 | €138,713 | €133,922 | €129,480 | €125,609 | €122,338 | €117,749 | €112,266 | €107,464 | €480,039 | - |
| Fixed assets21/28 | €137,442 | €133,104 | €128,766 | €124,428 | €120,090 | €115,752 | €111,414 | €107,437 | €0 | - |
| Tangible fixed assets22/27 | €137,442 | €133,104 | €128,766 | €124,428 | €120,090 | €115,752 | €111,414 | €107,437 | €0 | - |
| Land and buildings22 | - | - | - | €124,428 | €120,090 | €115,752 | €111,414 | €107,437 | €0 | - |
| Current assets29/58 | €1,271 | €818 | €714 | €1,181 | €2,248 | €1,997 | €852 | €27 | €480,039 | - |
| Amounts receivable within one year40/41 | - | - | - | - | - | - | - | - | €480,039 | - |
| Other amounts receivable41 | - | - | - | - | - | - | - | - | €480,039 | - |
| Cash at bank and in hand54/58 | €238 | €197 | €72 | €516 | €1,509 | €1,183 | €0 | €27 | €0 | - |
| Deferred charges and accrued income490/1 | - | - | - | €665 | €739 | €814 | €852 | €0 | - | - |
| Equity and liabilities | ||||||||||
| Total equity and liabilities10/49 | €138,713 | €133,922 | €129,480 | €125,609 | €122,338 | €117,749 | €112,266 | €107,464 | €480,039 | - |
| Equity10/15 | €100,405 | €98,246 | €96,383 | €94,718 | €94,285 | €94,034 | €87,947 | €76,839 | €324,666 | - |
| Contributions10/11 | €24,500 | €24,500 | - | €24,500 | €24,500 | €24,500 | €24,500 | €24,500 | €24,500 | - |
| Revaluation surpluses12 | - | - | - | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | €0 | - |
| Reserves13 | €25,905 | €23,746 | €21,883 | €20,218 | €19,785 | €19,534 | €13,447 | €2,339 | €300,166 | - |
| Non-distributable reserves130/1 | - | - | - | €12,200 | €12,200 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €12,200 | €12,200 | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €8,018 | €7,585 | €19,534 | €13,447 | €2,339 | €300,166 | - |
| Amounts payable17/49 | €38,308 | €35,677 | €33,097 | €30,891 | €28,053 | €23,715 | €24,319 | €30,625 | €155,373 | - |
| Amounts payable within one year42/48 | €38,308 | €35,677 | €33,097 | €30,891 | €28,053 | €23,715 | €24,319 | €30,625 | €155,373 | - |
| Financial debts43 | - | - | - | - | - | - | €74 | €0 | €124 | - |
| Credit institutions430/8 | - | - | - | - | - | - | €74 | €0 | €124 | - |
| Trade debts44 | €1,883 | €1,785 | €1,785 | €2,179 | €2,005 | €583 | €0 | €4,029 | €5,651 | - |
| Suppliers440/4 | - | - | - | €2,179 | €2,005 | €583 | €0 | €4,029 | €5,651 | - |
| Other amounts payable47/48 | - | - | - | €28,712 | €26,049 | €23,132 | €24,244 | €26,596 | €149,599 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,198 | -€2,159 | -€1,863 | -€1,665 | -€433 | -€251 | -€6,087 | -€11,108 | €297,827 | - |
| + Depreciation and write-downs630 | €4,338 | €4,338 | €4,338 | €4,338 | €4,338 | €4,338 | €4,338 | €3,977 | €0 | - |
| Operating cash flow (approximation) | €2,140 | €2,179 | €2,475 | €2,673 | €3,905 | €4,087 | -€1,749 | -€7,132 | €297,827 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - | - |
| Change in cash | - | -€41 | -€126 | €444 | €993 | -€326 | -€1,183 | €27 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 1,188 companies in this sector we hold annual accounts for 717. 510 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector