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EVOLUTION

Active Public limited companyfounded 1996active for 29 yearsRue des Sablières 12, 7522 TournaiKBO/BCE: BE 0459.304.502 subsidiary of OSMOSE#5 company by total assets in Hainaut, Printing sector
EVOLUTION
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Overview

Lifetime

19 annual accounts with figures on one time axis, 28 filings since 1998
peak €8.9m (2012)
-not published
lowest -€455,216 (2014)
-€118,979▼ €152,249
peak €626,730 (2024)
€507,751▼ 19.0%
€2.9m▼ 2.5%
peak 92.6 FTE (2011)
32.9 FTE▼ 6.5%
Board8 names since 2018
3 directorsLoic Henry and 2 others
Owners4 names in the annual accounts
81.82%OSMOSE and 1 other
Documentsfilings and deeds
28-08-202628 days late
2025financial year
Loss of €118,979Resignation: Lenaïg-Marie HENRY (director) 07-05Equity from €626,730 to €507,751Cash from €843,536 to €1.1m

Key points

from the 2025 annual accounts

Result

-€118,979 -€118,979
€33,3002024-€119,0002025

From profit to loss in 2025, after a profit of €33,270 in 2024.

Turnover

≈ €3.9m estimated

The accounts state no turnover.

Debts

€2.9m 85% of the balance sheet
Financial debts 40%Suppliers 27%Taxes and wages 11%Other 22%

€214,087 of the debts are secured on the company's own assets. In 2021 that was €275,749.

Staff

32.9 FTE from 92.6 in 2011

Between 2011 and 2025, 64% of the full-time equivalents disappeared.

Filings

28 annual accounts since 1998
AprilJune31 JulyOctober200020102020

Seven of the last ten came late. The 2024 accounts came latest: 60 days after the end of the period.

Position in the sector

15.0%

Lower solvency than 82% of companies in printing. Sector median 46.7% · 206 companies.

Checked score

79
Excellent
Financially stronger than 29% of small companies in printing (NACE 18)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.3% across 136 companies (NACE 18, small).

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.4%lowest value 01-2025: 0.5%▲ +0.1 percentage points vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.6%▲ +0.1 percentage points vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.9%▲ +0.3 percentage points vs 06-2025 08-2025: 1.3%▲ +0.4 percentage points vs 07-2025 09-2025: 1.6%▲ +0.3 percentage points vs 08-2025 10-2025: 2.5%▲ +0.9 percentage points vs 09-2025highest value 11-2025: 0.5%▼ -2.0 percentage points vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.6%▲ +0.1 percentage points vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 1.0%▲ +0.4 percentage points vs 07-2026 09-2026: 0.6%▼ -0.4 percentage points vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026 11-2026: 0.6%● unchanged vs 10-2026

Financial strength
Weak

40-3equity 15.0% of total assets
47+8short-term debt 81.8% · cash 33.7%
21-31return on assets -3.5%

Score breakdown

raises risk
Equity €507,751 (15.0% of total assets)
Loss of €118,979 (financial year 2025)
Last filed accounts filed 28 days late; 1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 1.15, cash €1.1m
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 18, small). It does better than 19% of them on solvency, 56% on liquidity, 19% on profitability and 22% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 2,507 companies had the same profile as EVOLUTION has now. Each dot stands for 7 companies, two years later.

96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of EVOLUTION itself: 0.6% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2,507 companies, not a prediction for EVOLUTION. 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.

Credit verdict

Credit of up to €40,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.15 (1.21 in 2024), below the usual 1.5. Short-term debt is 81.8% and cash 33.7% of total assets. 85% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · Equity €507,751 (15.0% of total assets)
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.15, cash €1.1m
NBB · annual accounts
raises risk · Loss of €118,979 (financial year 2025)
NBB · annual accounts
raises risk · Last filed accounts filed 28 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 206 sector peers (2025).
NBB · sector comparison
Position among 206 sector peers
Solvency
better than 18%
← weakest strongest →
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
28 days late
2024
60 days late
2023
2 days late
2022
14 days early
2021
29 days late
2020
18 days late
2019
3 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 17 days after the deadline. In the sector (NACE 18), the median for financial year 2024 was 5 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

LH
Loic Henry
Chair
M
MISSION
Managing director, Loïc HENRY
MH
Milla HENRY
Director, since 16-04-2025
?
2C&B
Auditor, Victor Collin
  • OSMOSE 81.82%score 80equity €162,892 (2025) · 2025 annual accounts of OSMOSE
  • IMAGINATION 18.18%score 69equity €1.5m (2025) · 2025 annual accounts of IMAGINATION

Shares in 1 company, PiiVO

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0459304502
Resignation: Lenaïg-Marie HENRY (director) Appointment: Milla HENRY (director) · Director discharge: Lenaïg-Marie HENRY · General meeting of 16-04-2025 · Gazette deed
Resignation: Michel ANDREIEFF (director) Appointment: Lenaïg-Marie HENRY (director) · Director discharge: Michel ANDREIEFF · General meeting of 17-05-2024 · Gazette deed
New statutory auditor 2C&B appointed, OSMOSE SRL resigned · General meeting of 27-09-2023 · Gazette deed
All 41 events

Comparable companies

same main activity, similar in size and age
Company
EVOLUTION Tournai €3.4m €2.3m 15.0% 32.9
YAMAGATA EUROPE Ghent €3.0m €3.9m 45.9% 34.8
FISHEYE Wetteren €3.9m €3.1m 4.5% 37.4
SCHAWK BELGIUM Antwerp €2.6m €3.3m 26.7% 37.3
A.B.C. LABELS Kuurne €5.9m €3.4m 50.1% 29.3
CASTILLO VALERE Wommelgem €3.6m €2.2m 19.4% 15.4
DRIFOSETT PRINTING Evere €3.2m €2.9m 24.8% 33.6

These companies have the same main activity as EVOLUTION: pre-press and pre-media services (NACE 18130). They are comparable in size and age: total assets between €2.6m and €5.9m, founded between 1991 and 2007.

Official details

Source: KBO
Status
Active since 26-11-1996Normal situation
Activity
Pre-press and pre-media servicesNACE 18130and 1 other
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment units
2.103.062.6417522 Tournai, since 04-12-1996
2.262.179.0657522 Tournai, since 12-01-2017
Financial year end
31 December
Peppol
Reachable since 25-11-2025
Company details

Annual accounts 2025

€2.3m▼ 7.2%
€118,979
€507,751▼ 19.0%
€3.4m▼ 5.4%
Employeeson 31-12-2025
34▼ 10.5%
Filing
Filed on 28-08-2026
Financials

Insights on EVOLUTION

EVOLUTION has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €507,751 and a net result of -€118,979.

Equity grew by about 18% per year on average since 2019. In 2025 it fell by 19%. Its solvency ranks better than 18% of 206 sector peers (NACE 18, financial year 2025).

The computed 12-month bankruptcy probability is 0.6% (low).

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 28-08-2026, 28 days late
€2.3m
▼ 7.2%
-€83,530
▼ €173,991
€33,709
▼ 84.5%
-€1,739
▼ €162,588
15.0%
▼ 2.5 percentage points
1.15
▼ 0.06

The turnover shown is an estimate from the gross margin.

Turnover ≈ €3.9m. Estimated: probably between €2.6m and €6.4m.

In the rankings #5 company by total assets in Hainaut, Printing sector

Money flows

no detail for 2025

Balance sheet

balance sheet total €3.4m on 31-12-2025
What the company ownsHow it is paid for

in euro

in €m

Position in the sector

Compare with sector

15.0%

Higher than 18% of 206 companies in 2025.

1.15

Higher than 32% of 201 companies in 2025.

-3.5%

Higher than 22% of 204 companies in 2025.

EVOLUTION Middle half of the sector 80% of the sector Full accounts in printing (NACE 18)

Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half

Staff

Men and women

Not in that year's accounts.

€67,304

Staff costs divided by the average number of full-time equivalents.

-4 people

people who joined people who left

In 2025, 4 people joined and 8 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 3.4m3.6m4.0m4.4m4.2m3.1m3.6m4.7m4.9m5.0m4.5m4.9m6.7m6.0m5.8m5.3m4.7m4.6m4.4m
20 -----09,83090,515188,91898,09115,26071,239161,454110,16435,797----
21/28 201,181318,420316,069418,846225,440331,786415,028460,798643,858654,946668,192774,3241.9m1.5m1.6m1.8m1.9m1.6m1.7m
21 17,71727,868-042425,770109,359197,084177,20056,00030,00060,72996,381133,381191,020268,980341,211--
22/27 143,927251,015275,532378,309185,856195,398185,413166,455301,462344,176466,400542,3211.5m1.2m1.3m1.5m1.5m1.5m1.6m
22 ------------742,050811,050880,050953,3891.0m1.1m1.2m
23 37,71164,66977,159112,089100,948110,95178,58257,12997,13792,63182,64634,645417,960212,891206,486268,403239,313207,046199,409
24 56,443113,332148,053200,48753,03276,83594,35589,306162,281214,547214,139277,413146,723110,790119,726151,732182,789140,323138,030
25 49,77373,01450,32065,73331,877--------------
28 39,53739,53740,53740,53739,160110,619120,25697,259165,196156,679156,532100,03588,47699,90790,72479,67655,02744,61025,714
284/8 -------97,259165,196156,679156,532100,03588,47699,90790,72479,67655,027--
285/8 -------97,259165,196156,679156,532100,03588,47699,90790,72479,67655,027--
29/58 3.2m3.3m3.7m4.0m3.9m2.7m3.2m4.2m4.1m4.3m3.8m4.2m4.8m4.5m4.2m3.5m2.9m3.0m2.7m
3 59,171151,218191,979134,087264,792191,502294,770561,968634,112480,130426,069262,547261,447109,924664,423606,502321,497427,405223,092
37 59,171151,218191,979134,087264,792191,502294,770561,968634,112480,130426,069262,547261,447109,924664,423606,502321,497427,405223,092
40/41 2.0m2.2m2.7m2.4m3.0m1.9m2.5m3.1m2.8m3.0m2.7m3.4m3.7m4.3m3.2m2.7m2.0m2.3m2.1m
40 1.4m1.7m2.2m1.9m2.3m1.4m2.0m2.2m2.0m2.3m2.4m2.9m3.0m3.6m2.6m2.4m1.9m2.1m2.0m
41 517,452558,918533,496479,993681,109561,298469,017856,413827,059696,569314,880449,991680,643655,055609,026299,629138,586195,727144,173
50/53 -0512,947727,18652,19758,25852,74456,990169,164272,416381,862342,614350,977-100,715-40,00037,38936,727
51/53 -------56,990169,164272,416381,862342,614350,977-100,715-40,000--
54/58 1.1m843,536273,092690,617659,380570,107365,849479,518535,230533,640275,564183,532544,68843,106157,862184,238456,622208,997362,920
490/1 26,55524,23330,52025,138-------2,39213,05020,71130,1303,02828,87828,5711,973
Balance sheet: equity and liabilities
10/49 3.4m3.6m4.0m4.4m4.2m3.1m3.6m4.7m4.9m5.0m4.5m4.9m6.7m6.0m5.8m5.3m4.7m4.6m4.4m
10/15 507,751626,730593,460423,218223,666146,105185,038190,676211,262214,635-109,369-308,136557,611546,850412,607439,300559,115558,535538,935
10/11 362,000362,000362,000362,000362,000362,000362,000362,000362,000362,00062,00062,000225,000225,000225,000225,000225,000225,000225,000
10 362,000362,000362,000362,000362,000--------------
100 362,000362,000362,000362,000362,000362,000362,000362,000362,000362,00062,00062,000225,000225,000225,000225,000225,000225,000225,000
13 145,751264,730231,46055,95055,67255,67255,67255,67255,67255,67255,67255,672242,500242,500142,500162,500222,500222,50022,500
130/1 36,20036,20036,2005,9415,663--------------
130 36,20036,20036,2005,9415,6635,6635,6635,6635,6635,6635,6635,66322,50022,50022,50022,50022,50022,50022,500
133 109,551228,530195,26050,00950,00950,00950,00950,00950,00950,00950,00950,009220,000220,000120,000140,000200,000200,000-
14 --05,268-194,006-271,567-232,634-226,996-206,410-203,037-227,041-425,80823,5343,9732,4844,44158,99452,568291,037
15 ------------66,57775,37742,62347,35952,62158,467398
16 ----030,00030,00030,000120,05650,00050,00082,279151,883122,48170,29372,73275,44141,056-
160/5 ----030,00030,00030,000120,05650,00050,00082,279117,60183,66848,34648,34648,34610,950-
164/5 ----030,00030,00030,000120,05650,00050,00082,279117,60183,66848,34648,34648,346--
168 ------------34,28238,81321,94724,38627,09630,106-
17/49 2.9m2.9m3.4m4.0m4.0m2.9m3.4m4.5m4.6m4.7m4.5m5.2m6.0m5.3m5.3m4.8m4.1m4.0m3.9m
17 106,810209,990281,462380,964349,072542,742630,048761,808891,5831.0m518,161633,691783,191701,209833,709608,2741.1m1.2m1.4m
170/4 106,810209,99081,462180,964149,072342,742430,048561,808691,583813,161518,161633,691783,191701,209833,709608,2741.1m1.2m1.4m
172 -------12,82119,28120,97639,09393,492115,76834,88052,25098,20246,845--
173 -------548,987672,302792,185479,068540,199667,423666,329781,459510,0731.0m--
178/9 -0200,000200,000200,000200,000200,000200,000200,000200,000---------
42/48 2.8m2.7m3.1m3.5m3.6m2.4m2.8m3.7m3.7m3.7m4.0m4.5m5.2m4.6m4.5m4.2m3.0m2.8m2.5m
42 107,277103,21499,503134,602126,677109,460131,760129,775143,87387,200119,729145,698226,467147,398134,714106,29093,92690,28981,152
43 1.0m1.0m973,8741.4m963,225950,089973,4381.5m1.4m1.6m1.5m2.0m2.0m1.3m2.0m2.3m1.1m1.2m888,920
430/8 1.0m1.0m973,8741.4m963,225950,089973,4381.5m1.4m1.6m1.5m2.0m2.0m1.3m2.0m2.3m1.1m1.2m888,920
44 767,252674,7761.1m911,7001.1m716,662831,9241.1m1.0m877,324955,6251.2m1.6m1.6m815,499665,991851,664928,810974,646
440/4 767,252674,7761.1m911,7001.1m716,662831,9241.1m1.0m877,324955,6251.2m1.6m1.6m815,499665,991851,664928,810974,646
46 519,516539,836553,070554,6041.1m224,672320,859511,084583,577496,950597,887--400--5,203--
45 321,741337,799348,064458,505363,514358,508503,503501,113556,383634,099544,087883,2601.1m995,3691.2m904,769724,479433,203336,194
450/3 19,82325,12756,909177,07089,14933,07962,16478,68750,11440,16136,661132,180570,454401,491288,293249,507244,124157,745124,507
454/9 301,918312,672291,155281,434274,365325,428441,339422,426506,269593,938507,426751,080567,621593,877867,575655,262480,354275,458211,687
47/48 01,470------9,13434,134251,313264,710307,647519,372400,000200,000207,642150,000200,000
492/3 44639,16538,90578,1626,51001759,500-2,1331,552-4806127992,0773,71545,2185,050
Income statement
70/76A -------7.7m7.2m7.8m7.6m8.3m8.9m8.4m7.7m7.1m6.0m--
70 -------7.7m7.0m7.4m7.3m8.2m8.7m8.9m7.6m6.8m6.1m--
71 --------72,144153,98254,061163,5221,100151,523-554,49957,921285,006-105,909--
72 ---------84,000------37,268--
76A 1,2505,12403,7191,4053,27957,4561,0746,55633,90020,62011,777133,39854,02330,940----
9900 2.3m2.4m2.6m2.5m3.5m2.1m2.4m----------3.0m2.5m
60/66A -------7.6m7.1m7.7m7.3m8.6m8.7m7.7m7.2m6.8m5.5m--
60 -------3.1m2.4m2.2m1.7m2.3m2.1m1.9m1.3m1.1m820,828--
600/8 -------3.1m2.4m2.2m1.7m2.3m2.1m1.9m1.3m1.1m820,828--
61 -------1.8m1.8m2.1m1.7m1.9m2.1m1.8m1.8m1.8m1.6m--
62 2.2m2.2m2.1m2.0m3.1m1.8m2.0m2.3m2.6m3.2m3.6m3.9m4.0m3.7m3.8m3.5m2.7m2.3m1.7m
630 117,240127,579120,478102,554164,332174,551262,144356,272321,904293,430284,539371,243387,130319,424358,752339,059307,171315,852417,871
631/4 13,224021,295-0121,737----5,03919,857-1,00473,53320,000-10616,602-16,197-
635/8 ---0-30,000---90,05670,056--32,279-35,32233,93335,322--37,39610,950-
640/8 1,9013,5992,54259,1883,8942,3842,7213,3552,30213,44085,66597,763122,24227,29935,18228,04338,49031,03928,275
649 ---------179,399-115,809---136,968-122,915-42,932----
66A -----0100,000174,705120,00031,003-50,154--86,850---16,305
9901 -83,53090,461303,560344,836224,8548,86679,18161,89689,051103,904285,217-253,945216,645670,341511,814281,370513,496353,695394,241
75/76B 11,29721,4807,5984,70615,7986,2868,6727,5078,2346,1673,3516,82014,73556,4765,6207,51513,18939,0544,352
75 11,2979,5807,5984,70615,7986,2868,6727,5078,2346,1673,3516,82014,73556,4765,6207,51513,18939,0544,352
750 -------1083751,0242,2272,2891,2909998421,1461,148--
751 -------7,3887,7115,1231,121--------
752/9 -------111482034,53113,44555,4774,7786,37012,041--
76B 011,900-----------------
65/66B 45,42155,90065,41650,65593,93252,17578,18774,02882,56388,379109,415161,599156,463164,135145,442119,143182,556178,244114,881
65 45,42155,90065,41650,65593,93252,17578,18774,02882,56388,379109,415161,599156,463164,135145,442119,143182,556178,244114,881
650 -------41,63246,47247,78460,255107,816105,046103,62785,83680,043142,914--
652/9 -------32,39636,09140,59549,16053,78351,41760,50859,60639,10139,642--
9903 -117,65456,041245,742298,887146,720-37,0239,666-4,62514,72224,589199,773-447,101208,315616,705316,082169,742344,129214,505267,407
67/77 1,32522,77175,50099,33569,1591,91015,30415,96118,0955851,00610,381193,285243,087140,47887,004140,713118,75495,171
670/3 -------16,03218,0965901,00610,381193,285243,087140,47887,169141,158--
77 -------7115-----165444--
9904 -118,97933,270170,242199,55277,561-38,933-5,638-20,586-3,37324,004198,767-455,21619,561401,488178,04385,447206,426111,531172,236
9905 -118,97933,270170,242199,55277,561-38,933-5,638-20,586-3,37324,004198,767-455,21619,561401,488178,04385,447206,426111,531172,236
Appropriation of the result
9906 -118,97933,270175,5105,546-194,006-271,567-232,634-226,996-206,410-203,037-227,041-431,68223,534403,973182,484144,441258,994402,568502,656
14P -05,268-194,006-271,567--------------
791/2 118,979----------11,240--20,00060,000---
792 -----------11,240--20,00060,000---
691/2 033,270175,510277-------5,366-100,000---200,00011,619
691 -----------5,366-------
6920 -030,259277--------------11,619
6921 033,270145,251----------100,000---200,000-
694/7 -------------300,000200,000200,000200,000150,000200,000
694 -------------300,000200,000200,000200,000150,000200,000
Social balance sheet
9087 32.935.233.935.835.436.236.743.547.659.471.179.881.984.392.680.56553.942.3
Men (FTE)1003 -------28.23238.246.752.255.8------
Women (FTE)1003 -------15.315.621.224.427.626.1------
Agency workers1501 -------11.78.76.15.4-------
Hours worked1013 55,88160,11557,26859,15388,53558,01561,51071,14280,33398,439119,551137,282141,516148,490159,634141,157111,96094,47572,058
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 9 older financial years (1998-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 27 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00494928.

Financial year Type Filed Reference Document
31-12-2025 full format 28-08-2026 2026-00494928 PDF
31-12-2024 full format 29-09-2025 2025-00522934 PDF
31-12-2023 full format 02-08-2024 2024-00331386 PDF
31-12-2022 full format 17-07-2023 2023-00247597 PDF
31-12-2021 full format 29-08-2022 2022-20383616 PDF
31-03-2020 full format 18-11-2020 2020-71200300 PDF
31-03-2019 full format 28-10-2019 2019-72200239 PDF
31-03-2018 full format 23-10-2018 2018-70200045 PDF
31-03-2017 full format 14-11-2017 2017-69700225 PDF
31-03-2016 full format 15-11-2016 2016-67900450 PDF
31-03-2015 full format 03-12-2015 2015-68300416 PDF
31-03-2014 full format 18-12-2014 2014-69800599 PDF
31-03-2013 full format 27-11-2013 2013-67100150 PDF
31-03-2012 full format 30-11-2012 2012-65400276 PDF
31-03-2011 full format 30-11-2011 2011-62400325 PDF
31-03-2010 full format 15-12-2010 2010-63100600 PDF
31-03-2009 full format 30-11-2009 2009-87200012 PDF
31-03-2008 full format 23-12-2008 2008-87400139 PDF
31-03-2007 full format 29-11-2007 2007-81500391 PDF
31-03-2006 full format 30-11-2006 2006-89203307 PDF
31-03-2005 full format 29-09-2005 2005-75304234 PDF
31-03-2004 full format 25-06-2004 2004-32101607 PDF
31-03-2003 full format 24-07-2003 2003-49301487 PDF
31-03-2002 full format 02-09-2002 2002-52204678 PDF
31-03-2001 full format 04-07-2001 2001-33400763 PDF
31-03-2000 full format 28-07-2000 2000-47604337 PDF
31-03-1999 full format 06-09-1999 1999-44504656 PDF
31-03-1998 full format 31-07-1998 1998-38301425 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
33,709218,039424,038447,390389,186183,417341,325418,168410,955397,334569,756117,298603,775989,765870,566620,429820,667669,547812,112
-1,739160,849290,720302,105241,893135,618256,506335,686318,531317,434483,306-83,973406,691720,913536,795424,506513,597427,383590,107
0130,93017,701295,959130,94491,319138,369142,746319,462164,228121,910363,380621,634295,09089,140250,780624,305217,659412,587
293,757570,444-417,52531,23789,273204,258-113,669-55,7121,590258,07692,032-361,156501,582-114,756-26,376-272,384247,625-153,923-
413,826557,464597,757463,498353,808387,061420,245490,671390,125624,983-207,848-366,490-394,179-156,151-272,770-699,652-165,827245,167240,061
-------0.8%1.3%1.4%3.9%-3.1%2.5%7.5%6.7%4.2%8.5%--
15.0%17.5%14.7%9.7%5.4%4.7%5.1%4.0%4.3%4.3%-2.4%-6.2%8.3%9.1%7.1%8.2%11.8%12.2%12.3%
1.151.211.191.131.101.161.151.131.101.170.950.920.920.970.940.830.951.091.10
1.131.151.131.091.021.081.050.980.931.040.840.860.870.940.790.690.840.931.01
5.664.705.789.3417.6619.8618.3323.7021.8621.88--10.789.7212.8210.997.357.137.15
-23.4%5.3%28.7%47.2%34.7%-26.6%-3.0%-10.8%-1.6%11.2%--3.5%73.4%43.2%19.5%36.9%20.0%32.0%
-3.5%0.9%4.2%4.6%1.9%-1.3%-0.2%-0.4%-0.1%0.5%4.4%-9.2%0.3%6.7%3.1%1.6%4.3%2.4%3.9%
0.743.906.488.834.14--10.048.848.329.461.095.759.5510.147.755.74--
-------106 days101 days114 days120 days130 days125 days149 days126 days131 days113 days--
-------81 days88 days74 days104 days104 days138 days160 days98 days82 days131 days--

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date3438353837
full-time2330293332
part-time118655
in full-time equivalents30.536.233.636.835.8
32.935.233.935.835.4
On a permanent contract3336343735
Joined461924
Left834824
Training hours---224-

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20252024202320222021
Debts secured on the company's own assets€214,087€313,203€180,964€315,566€275,749
€580,000€580,000€580,000€580,000€580,000

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets-€100,475€17,701€294,582€129,444
Intangible fixed assets-€30,455--€0
Financial fixed assets€0--€1,377€1,500
€117,240€127,579€120,478€102,554€164,332

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on EVOLUTION

The operating result for 2025 is a loss of €83,530, after a profit of €90,461 in 2024. It is the lowest result since 2014.

Debt's share of the balance-sheet total rises from 82.5% to 85.0%. Equity and debt are lower.

Large changes and their cause
  • 2022 Net result +157% on 2021. The previous financial year ran 21 months, this one 12.

Board & ownership

Board

3 directors, 1 in day-to-day management, 1 auditor, last change in 2025
Loic Henry
Chair and director
chair appointed by deed of 18-10-2018 director in office according to the deed of 18-10-2018
also on the board of 2 other companies
MISSION BV
Director and managing director, permanent representative Loïc HENRY
director since 30-03-2021 managing director appointed by deed of 18-10-2018 6-year term from 2021
listed in the 2025 annual accounts, filed on 28-08-2026
Milla HENRY
Director
since 16-04-2025 6-year term from 2025
listed in the 2025 annual accounts, filed on 28-08-2026
2C&B
Statutory auditor, permanent representative Victor Collin
appointed by deed of 18-10-2018
MISSION
Permanent representatives 1
Loïc HENRY
Permanent representative, for MISSION
in office according to the deed of 18-10-2018
also on the board of 2 other companies

Office holders in the KBO →

Mandates through the years

8 names, the dashed line is today
Loic Henry
Director, Chair of the board
MISSION
Director, Managing director
Milla HENRY
Director
2C&B
Statutory auditor
Lenaïg-Marie HENRY
Director
Michel ANDREIEFF
Director
OSMOSE
Director
OSMOSE
Director
LeadershipBoardEarlierRest of the termmandate already running before its first mentionend not dated
Mandates as a list
  • Loic Henry
    • Director, from 06-09-2018 to date
    • Managing director, appointed by deed of 18-10-2018, last mentioned in 2018
    • Chair of the board, appointed by deed of 18-10-2018, still in office
  • MISSION
    • Director, from 06-09-2018 to date
    • Managing director, appointed by deed of 18-10-2018, still in office
  • Milla HENRY
    • Director, since before 31-12-2024
  • 2C&B
    • Statutory auditor, from 24-09-2018 to date
  • Lenaïg-Marie HENRY
    • Director, from before 31-12-2023 to 16-04-2025
  • Michel ANDREIEFF
    • Director, from before 18-10-2018 to 17-05-2024
  • OSMOSE
    • Director, from 06-09-2018 to 20-10-2023
  • OSMOSE
    • Director, from 06-09-2018, no longer listed in the 2025 annual accounts

See the board, name and registered office on a given date →

Control

Parent
OSMOSE
Equity €162,892
Loss €53,785 in 2025 (loss €16,885 in 2024)
Checked score 80
81.82%
This company
EVOLUTION
Equity €507,751
Loss €118,979 in 2025

and 1 other shareholder

Capital

Capital
€362,000
Shares
1,100 in the deed of 15-04-2021
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
OSMOSE
52%100%81.82%
81.82%
IMAGINATION
18.18%
18.18%
MISSION
48%
48% until 2012
SOGELES
28.9% until 2006
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 15-04-2021 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
Term of at most 6 years
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Thursday of June at 16:00

Shareholders

2 owners

Owners 2

  • OSMOSEparent
    Equity €162,892 Loss of €53,785 in 2025 (loss of €16,885 in 2024) Checked score 80
    Sourceaccounts OSMOSE 2025
    81.82%+ 18.18% via subsidiaries
  • IMAGINATION
    Equity €1.5m Loss of €186,362 in 2025 (loss of €35,860 in 2024) Checked score 69
    Sourceaccounts IMAGINATION 2025
    18.18%+ 0% via subsidiaries

Capital transactions

Capital over time
  1. 15-04-2021 Capital increase of €1,053.24 · to €125,000 · no new shares
  2. 15-04-2021 Capital increase of €100,000 · to €225,000 · 400 new shares
  3. 15-04-2021 Capital reduction of €168,366.28
  4. 15-04-2021 Capital increase of €5,366.28 · to €62,000 · from reserves
  5. 15-04-2021 Capital increase of €300,000 · to €362,000 · 200 new shares, 18.2% of the 1,100 shares after the increase · in cash

Network & group

Holdings

own 2023 accounts, the bar shows equity in euros
This companyEVOLUTION1 holding, 1 country 2023 accounts

Belgium 1 Equity Result

  • BE PIIVO1% €1.5m result €455,692

Source: list of holdings in its own 2023 accounts. Every holding stands with its own latest accounts.

Parent

OSMOSE
0887.344.716 · 81.82% of the shares · equity €162,892 · loss €53,785 (2025)
Checked score 80

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
  • PiiVO
    Equity €1.5m Profit of €455,692 in 2025 (profit of €584,324 in 2024) Checked score 70
    Sourceown accounts 2023
    1%+ 0% via subsidiaries
Holdings through the years 2019 to 2023
Holdings through the years
Name20192020202120222023
PiiVO 0.01%1%

Source: list of holdings in its own accounts

Connections & network

3 current directors
Depth

The network lets you explore the ties of EVOLUTION.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

41 events since 1996

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBfull format · 28 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0459304502
Annual accounts 2024 filed PDFfull format · 60 days late
Resignation: Lenaïg-Marie HENRY (director)Appointment: Milla HENRY (director) · Director discharge: Lenaïg-Marie HENRY · General meeting of 16-04-20254 points ▸

Open the deed in the Belgian Official Gazette

2024
Annual accounts 2023 filed PDFfull format · 2 days late
Resignation: Michel ANDREIEFF (director)Appointment: Lenaïg-Marie HENRY (director) · Director discharge: Michel ANDREIEFF · General meeting of 17-05-20244 points ▸

Open the deed in the Belgian Official Gazette

2023
New statutory auditor2C&B appointed, OSMOSE SRL resigned · General meeting of 27-09-20234 points ▸
  • General meeting, 30-06-2023
  • Auditor appointment, 2C&B (statutory auditor)
  • General meeting, 27-09-2023
  • Director resignation, OSMOSE SRL

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFfull format · 14 days before the deadline
2022
Annual accounts 2021 filed PDFfull format · 29 days late
2021
Back to profit net €77,561 The net result is €77,561, after 4 loss-making years.
2 directors appointed, 1 statutory auditor appointed, 3 reappointmentsCapital after the increase: €125,000 · Capital after the increase: €225,000, 400 new shares · Capital after the increase: €62,000 · General meeting of 30-03-202116 points ▸
  • General meeting, 30-03-2021
  • Capital, €362,000, 1,100 shares
  • Capital increase, €1,053.24
  • Capital increase, €100,000
  • Capital decrease, €168,366.28
  • Capital increase, €5,366.28
  • Capital increase, €300,000
  • Power of attorney, Edouard JACMIN
  • Director reappointment, MISSION
  • Director reappointment, OSMOSE
  • Director reappointment, Michel ANDREIEFF
  • Permanent representative, Loïc HENRY, mentioned 3 times in the deed
  • Director appointment, MISSION (managing director)
  • Auditor appointment, 2C&B
  • Director appointment, Loïc HENRY (chair)
  • Registered office clause, rue des Sablières 12, 7503 Froyennes
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

2020
Annual accounts 2020 filed PDFfull format · 18 days late
2019
Annual accounts 2019 filed PDFfull format · 3 days before the deadline
2018
Annual accounts 2018 filed PDFfull format · 8 days before the deadline
2 directors appointed, 4 reappointments, 1 statutory auditor reappointedReappointments: MISSION, HENRY Loïc, ANDREIEFF Michel, OSMOSE and 2C&B (statutory auditor) · Appointments: MISSION (managing director) and HENRY Loïc (managing director) · General meeting of 06-09-201810 points ▸
  • General meeting, 06-09-2018
  • Director reappointment, MISSION
  • Director reappointment, HENRY Loïc
  • Director reappointment, ANDREIEFF Michel
  • Director reappointment, OSMOSE
  • Auditor reappointment, 2C&B (statutory auditor)
  • Board meeting, 06-09-2018
  • Director appointment, MISSION (managing director)
  • Director appointment, HENRY Loïc (managing director)
  • Director appointment, HENRY Loïc (chair of the board)

Open the deed in the Belgian Official Gazette

2017
Annual accounts 2017 filed PDFfull format · 14 days late
New establishment in Tournai Rue des Sablières 8
2016
Annual accounts 2016 filed PDFfull format · 15 days late
2015
Annual accounts 2015 filed PDFfull format · 33 days late
Back to profit net €198,767 The net result is €198,767, after one loss-making year.
2014
Annual accounts 2014 filed PDFfull format · 48 days late
Weakest financial year net -€455,216 The net result drops to -€455,216, the lowest from 2007 to 2025. It recovers the following year.
2013
Annual accounts 2013 filed PDFfull format · 27 days late
2012
Annual accounts 2012 filed PDFfull format · 30 days late
Highest result from 2007 to 2025 net €401,488 ▲126% The operating result of €670,341 and the net result of €401,488 are both a record.
2011
Annual accounts 2011 filed PDFfull format · 30 days late
2010
Annual accounts 2010 filed PDFfull format · 45 days late
2009
Annual accounts 2009 filed PDFfull format · 30 days late
2008
Annual accounts 2008 filed PDFfull format · 53 days late
2007
Annual accounts 2007 filed PDFfull format · 29 days late
2006
Annual accounts 2006 filed PDFfull format · 30 days late
2005
Annual accounts 2005 filed PDFfull format
2004
Annual accounts 2004 filed PDFfull format
2003
Annual accounts 2003 filed PDFfull format
2002
Annual accounts 2002 filed PDFfull format
2001
Annual accounts 2001 filed PDFfull format
2000
Annual accounts 2000 filed PDFfull format
1999
Annual accounts 1999 filed PDFfull format
1998
Annual accounts 1998 filed PDFfull format
1996
First establishment EVOLUTION SA, Rue des Sablières 12, Tournai
Incorporation published on 05-12-1996

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 26 November 1996, EVOLUTION was incorporated.1 A capital increase in 2021 brought the capital to €362,000.2 Total assets went from €3.6m in 2019 to €3.4m in 2025 and headcount from 36.7 to 32.9 full-time equivalents.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 15-04-2021
  3. 3National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0459.304.502
VAT number
BE 0459.304.502
Peppol ID
0208:0459304502
Legal form
Public limited company
Status
Active, normal situation
Founded
26-11-1996
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Thursday of June at 16:00
deed of 15-04-2021 (in French)
Peppol
Reachable since 25-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
EVOLUTION in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 15-04-2021 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région Wallonne”
deed of 15-04-2021 (in French)

Activities

NACEBEL 2025
VAT activities
18130 Pre-press and pre-media services main activity
Social security (RSZ) activities
18120 Other printing main activity
Joint committees annual accounts 2025
JC 200 Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
18130 Pre-press and pre-media services main activity
Social security (RSZ) activities
18120 Printing and reproduction of recorded media main activity
Codes under NACEBEL 2003
22250 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“L'entreprise d'imprimerie et la vente de tous articles de papeterie et de bureau, ainsi que la fabrication, l'achat et la vente de…”
2 activities
  1. L'entreprise d'imprimerie et la vente de tous articles de papeterie et de bureau, ainsi que la fabrication, l'achat et la vente de composition, de photocom position, d'impression, de reliure et de finition de tous documents imprimés ainsi que la vente de papier vierge ou imprimé et de tous articles se rapportant aux arts graphiques, ainsi que la location de matériel d'im primerie et la prestation de services relatifs à l'imprimerie.
  2. Le traitement, la publication, l'édition, la réalisation, l'exploitation, la vente, la location, et plus généralement la diffusion par tous moyens de tous ouvrages ou parties d'ouvrages, de films et autres enregistrements visuels, sonorisés ou non, sur peliicule, bande magnétique ou sur tous autres supports et média, informatiques ou non.
deed of 15-04-2021 (in French)

Registered office and establishments

2 establishments
Establishment Since Unit number
EVOLUTION SA registered office Rue des Sablières 12, 7522 Tournai 04-12-1996 2.103.062.641
Rue des Sablières 8 7522 Tournai 12-01-2017 2.262.179.065

Buildings and parcels at the addresses

Ground area
2.9 ha
Buildings
1.0 ha
Volume, LiDAR
68,834 m³
Tallest building
12.3 m
Buildings to scale, each on its own parcel
5,757 m², 9.0 m 4,442 m², 12.3 m 5,757 m², 9.0 m 4,442 m², 12.3 m

Location

registered office establishment All 2 establishment units on the map

Parcels

Cadastral parcelArea Buildings Height / floors
57031A0010/00B0021.8 ha 1 · 4,442 m² 12.3 m · 2
57031A0016/00C0001.1 ha 1 · 5,757 m² 9.0 m · 2

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