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EVOLUTION

Active
Private limited companyfounded 201115 yrs activeChemin du Rénowelz(Mai) 20, 7812 Ath, BelgiumKBO/BCE: BE 0834.228.308
Summary

EVOLUTION has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €162,224 and a net result of €42,177. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 64% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability88▲+88
Solvency85▲+4
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 2.91 against 3.02 in 2024; short-term debt: 17.5% and cash: 8.4% of total assets), and 40.3% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 15 years 0 20 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
59.7%
Return on assets
15.5%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 22-10-2025, 9 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
9 d early
2024
26 d late
2023
21 d late
2022
9 d late
2021
26 d late
2020
19 d late
2019
27 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven months
Position in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 3 March 2011, EVOLUTION was incorporated.1 Total assets went from EUR 336,201 in 2019 to EUR 271,870 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€162,224▲ 35.1%
2024 · €120,047
Total assets
€271,870▲ 27.4%
2024 · €213,463
Net result
€42,177
2024 · -€87,687
Working capital
€90,895▲ 99.6%
2024 · €45,548
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€47,635▲ 3.2%€39,049▼ 18.0%€49,211▲ 26.0%-€14,162€45,445
Net result€9,046▼ 23.1%-€2,120€12,092-€87,687€42,177
Equity€197,762▲ 4.8%€195,642▼ 1.1%€207,735▲ 6.2%€120,047▼ 42.2%€162,224▲ 35.1%
Total assets€314,305▼ 6.1%€300,343▼ 4.4%€346,990▲ 15.5%€213,463▼ 38.5%€271,870▲ 27.4%
Debt€116,543▼ 20.3%€104,700▼ 10.2%€139,255▲ 33.0%€93,416▼ 32.9%€109,646▲ 17.4%
Working capital€115,725▲ 3.2%€107,622▼ 7.0%€129,178▲ 20.0%€45,548▼ 64.7%€90,895▲ 99.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000Operating result 2021: €47,635€47,635Net result 2021: €9,046€9,046Operating result 2022: €39,049€39,049Net result 2022: -€2,120-€2,120Operating result 2023: €49,211€49,211Net result 2023: €12,092€12,092Operating result 2024: -€14,162-€14,162Net result 2024: -€87,687-€87,687Operating result 2025: €45,445€45,445Net result 2025: €42,177€42,17720212022202320242025-€100,000-€50,000€0€50,000Operating result 2023: €49,211€49,200Net result 2023: €12,092€12,100Operating result 2024: -€14,162-€14,200Net result 2024: -€87,687-€87,700Operating result 2025: €45,445€45,400Net result 2025: €42,177€42,200202320242025
The operating result returns to profit in 2025: €45,445 after a loss of €14,162 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €271,870
Fixed assets €133,409 ▼ 8.2%
Current assets €138,461 ▲ 103%
Equity and liabilities €271,870
Equity €162,224 ▲ 35.1%
Debt €109,646 ▲ 17.4%
Debt's share of the balance-sheet total falls from 43.8% to 40.3%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€55,469▲
2024 · €83
Cash flow
€52,200▲
2024 · -€73,442
Current ratio
2.91▼
2024 · 3.02
Quick ratio
2.81▼
2024 · 3.02
Debt to equity
0.68▼
2024 · 0.78
ROE
26.0%▲
2024 · -73.0%
ROA
15.5%▲
2024 · -41.1%
Interest coverage
12.12▲
2024 · 0.00
Debt ≤ 1 year
€47,566▲
2024 · €22,517
Debt > 1 year
€61,430▼
2024 · €70,899
Income taxes
€225▼
2024 · €245
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.6% went bankrupt
3.9% stopped otherwise
95% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet Code20242025
Assets
Total assets20/58€213,463€271,870▲
Fixed assets21/28€145,398€133,409▼
Tangible fixed assets22/27€144,648€132,659▼
Land and buildings22€134,741€126,519▼
Plant, machinery and equipment23€1,742€1,108▼
Furniture and vehicles24€6,342€3,574▼
Other tangible fixed assets26€1,822€1,458▼
Financial fixed assets28€750€750=
Current assets29/58€68,065€138,461▲
Stocks and contracts in progress3-€4,600
Stocks30/36-€4,600
Amounts receivable within one year40/41€65,329€107,707▲
Trade receivables40€48,141€72,398▲
Other amounts receivable41€17,188€35,310▲
Cash at bank and in hand54/58€174€22,861▲
Deferred charges and accrued income490/1€2,563€3,293▲
Equity and liabilities
Total equity and liabilities10/49€213,463€271,870▲
Equity10/15€120,047€162,224▲
Contributions10/11€6,500€6,500=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€1,860€1,860=
Profit (loss) carried forward14€111,687€153,864▲
Amounts payable17/49€93,416€109,646▲
Amounts payable after more than one year17€70,899€61,430▼
Financial debts170/4€70,899€61,430▼
Amounts payable within one year42/48€22,517€47,566▲
Current portion of amounts payable after more than one year42€9,117€9,469▲
Trade debts44€9,098€26,228▲
Suppliers440/4€9,098€26,228▲
Taxes, remuneration and social security45€4,302€11,870▲
Taxes450/3€4,302€11,870▲
Accrued charges and deferred income492/3-€650
Income statement Code20242025
Non-recurring operating income76A-€10,536
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,245€10,024▼
Other operating charges640/8€2,533€9,547▲
Gross operating margin9900€2,615€65,016▲
Operating profit (loss)9901-€14,162€45,445▲
Financial income75/76B€1,750€1,534▼
Recurring financial income75€1,750€1,534▼
Financial charges65/66B€75,030€4,577▼
Recurring financial charges65€75,030€4,577▼
Profit (loss) for the period before taxes9903-€87,442€42,402▲
Income taxes67/77€245€225▼
Profit (loss) for the period9904-€87,687€42,177▲
Profit (loss) for the period to be appropriated9905-€87,687€42,177▲
Appropriation of the result
Profit (loss) to be appropriated9906€111,687€153,864▲
Profit (loss) brought forward from the previous period14P€199,375€111,687▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A----€10,536-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,425€21,230€18,243€14,245€10,024▼ 29.6%
Other operating charges640/8-€2,115€3,004€2,533€9,547▲ 277%
Gross operating margin9900€65,734€62,394€70,458€2,615€65,016▲ 2,386%
Operating profit (loss)9901€47,635€39,049€49,211-€14,162€45,445▲ 421%
Financial income75/76B-€4,000€3,909€1,750€1,534▼ 12.4%
Recurring financial income75€7,068€4,000€3,909€1,750€1,534▼ 12.4%
Financial charges65/66B-€41,486€36,291€75,030€4,577▼ 93.9%
Recurring financial charges65€40,758€41,486€36,291€75,030€4,577▼ 93.9%
Profit (loss) for the period before taxes9903€13,945€1,563€16,830-€87,442€42,402▲ 148%
Income taxes67/77€4,899€3,683€4,738€245€225▼ 8.0%
Profit (loss) for the period9904€9,046-€2,120€12,092-€87,687€42,177▲ 148%
Transfer from tax-exempt reserves789-€18,750€0---
Profit (loss) for the period to be appropriated9905€9,046€16,630€12,092-€87,687€42,177▲ 148%
Line20212022202320242025Change
Assets
Total assets20/58€314,305€300,343€346,990€213,463€271,870▲ 27.4%
Fixed assets21/28€179,286€176,816€158,573€145,398€133,409▼ 8.2%
Tangible fixed assets22/27€178,536€176,066€157,823€144,648€132,659▼ 8.3%
Land and buildings22-€157,860€144,333€134,741€126,519▼ 6.1%
Plant, machinery and equipment23-€3,089€2,377€1,742€1,108▼ 36.4%
Furniture and vehicles24-€12,566€8,926€6,342€3,574▼ 43.6%
Other tangible fixed assets26-€2,551€2,186€1,822€1,458▼ 20.0%
Financial fixed assets28€750€750€750€750€750=
Current assets29/58€135,019€123,527€188,417€68,065€138,461▲ 103%
Stocks and contracts in progress3----€4,600-
Stocks30/36----€4,600-
Amounts receivable within one year40/41€103,284€118,334€171,138€65,329€107,707▲ 64.9%
Trade receivables40-€47,527€109,326€48,141€72,398▲ 50.4%
Other amounts receivable41-€70,807€61,812€17,188€35,310▲ 105%
Cash at bank and in hand54/58€28,369€2,955€1,273€174€22,861▲ 13,058%
Deferred charges and accrued income490/1-€2,238€16,006€2,563€3,293▲ 28.5%
Equity and liabilities
Total equity and liabilities10/49€314,305€300,343€346,990€213,463€271,870▲ 27.4%
Equity10/15€197,762€195,642€207,735€120,047€162,224▲ 35.1%
Contributions10/11-€6,500€6,500€6,500€6,500=
Reserves13€20,610€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1-€1,860€1,860€0--
Reserves not available under the articles1311-€1,860€1,860€0--
Tax-exempt reserves132-€0----
Distributable reserves133---€1,860€1,860=
Profit (loss) carried forward14€170,652€187,282€199,375€111,687€153,864▲ 37.8%
Amounts payable17/49€116,543€104,700€139,255€93,416€109,646▲ 17.4%
Amounts payable after more than one year17€97,250€88,796€80,016€70,899€61,430▼ 13.4%
Financial debts170/4-€88,796€80,016€70,899€61,430▼ 13.4%
Amounts payable within one year42/48€19,294€15,905€59,239€22,517€47,566▲ 111%
Current portion of amounts payable after more than one year42-€8,454€8,779€9,117€9,469▲ 3.9%
Trade debts44€9,353€5,651€41,845€9,098€26,228▲ 188%
Suppliers440/4-€5,651€41,845€9,098€26,228▲ 188%
Taxes, remuneration and social security45-€1,800€8,614€4,302€11,870▲ 176%
Taxes450/3-€1,800€8,614€4,302€11,870▲ 176%
Accrued charges and deferred income492/3----€650-
Line20212022202320242025Change
Profit (loss) for the period9904€9,046-€2,120€12,092-€87,687€42,177▲ 148%
+ Depreciation and write-downs630€15,425€21,230€18,243€14,245€10,024▼ 29.6%
Operating cash flow (approximation)€24,471€19,110€30,335-€73,442€52,200▲ 171%
Investment in fixed assets (approximation)--€18,760€0-€1,070€1,965▲ 284%
Change in cash--€25,414-€1,683-€1,099€22,687▲ 2,164%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2025
22-10
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial Back to profitnet €42,177
Net result €42,177 after one loss-making year.
31-03
Financial Equity above €150,000Eq €162,224 ▲35.1%
Equity rises from €120,047 to €162,224.
2024
26-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
31-03
Financial Weakest financial yearnet -€87,687
Net result drops to -€87,687, the lowest in the series; recovery starts the following year.
2023
21-11
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
31-03
Financial Back to profitnet €12,092
Net result €12,092 after one loss-making year.
31-03
Financial Equity above €200,000Eq €207,735 ▲6.2%
Equity rises from €195,642 to €207,735.
2022
09-11
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2021
26-11
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2020
19-11
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2019
27-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
Show earlier events
2018
26-11
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2017
26-10
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2016
05-10
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ath · 1 establishment unit since 2011
seat establishment The establishment unit on the map
Ground area
2,490 m²
Building footprint
131 m²
Parcel 51041C0471/00H007, Wallonia. Linked by address, not a title deed.
1 establishment unit
EVOLUTION
Chemin du Rénowelz(Mai) 20, 7812 AthWholesale trade
since 20112.196.700.602
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
51041C0471/00H007 Wallonia 2,490 m² 1 · 131 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-03-2024 list no shareholders, and no other source names one.

Holdings 1

According to the annual accounts to 31-03-2024 of EVOLUTION and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Ath2.196.700.602
1 permission
Toelating · Detailhandel · since 05-03-2025

Legal Entity Identifier

254900KP5QQZNJV9H405
live in the LEI register

Similar companies · same sector, comparable size

Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 8,530 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded03-03-2011
Fiscal year end31-03
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID 0208:0834228308
Also 9925:BE0834228308
Registered 28-04-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.