EVOLUTION 22
ActiveSummary
EVOLUTION 22 has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €864k and a net result of €266k. Equity is growing by ~25.8% per year across the filed fiscal years. Its solvency ranks better than 83% of 425 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96=
Solvency97▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 3.06 against 2.15 in 2024; short-term debt: 21.9% and cash: 63.2% of total assets), and 28.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer 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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.9%
Return on assets
22.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
57 d late
2023
2 d early
2022
31 d late
2021
31 d late
2020
5 d late
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€0
2024 · €0
2022: €0highest in 4 years
2023: €0highest in 4 years
2024: €0highest in 4 years
2025: €0highest in 4 years
2022 → 2025
EBIT margin
Not included in this filing
Net result
€266k▲ 23.2%
2024 · €216k
2018: €40k
2019: €84k▲ +109% vs 2018
2020: €36k▼ -56.8% vs 2019
2021: €-31k▼ -185% vs 2020lowest in 8 years
2022: €148k▲ +581% vs 2021
2023: €152k▲ +2.4% vs 2022
2024: €216k▲ +42.0% vs 2023
2025: €266k▲ +23.2% vs 2024highest in 8 years
2018 → 2025
Working capital
€540k▲ 77.2%
2024 · €305k
2018: €257lowest in 8 years
2019: €52k▲ +19966% vs 2018
2020: €99k▲ +92.4% vs 2019
2021: €24k▼ -75.6% vs 2020
2022: €71k▲ +191% vs 2021
2023: €178k▲ +151% vs 2022
2024: €305k▲ +71.6% vs 2023
2025: €540k▲ +77.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0€0€0€0
2022: €0highest in 4 years
2023: €0highest in 4 years
2024: €0highest in 4 years
2025: €0highest in 4 years
Equity€251k-€355k▲ 41.1%€467k▲ 31.5%€682k▲ 46.2%€864k▲ 26.6%
2021: €251klowest in 5 years
2022: €355k▲ +41.1% vs 2021
2023: €467k▲ +31.5% vs 2022
2024: €682k▲ +46.2% vs 2023
2025: €864k▲ +26.6% vs 2024highest in 5 years
Operating result€-25k-€162k€201k▲ 23.7%€313k▲ 55.7%€390k▲ 24.9%
2021: €-25klowest in 5 years
2022: €162k▲ +748% vs 2021
2023: €201k▲ +23.7% vs 2022
2024: €313k▲ +55.7% vs 2023
2025: €390k▲ +24.9% vs 2024highest in 5 years
Net result€-31k-€148k€152k▲ 2.4%€216k▲ 42.0%€266k▲ 23.2%
2021: €-31klowest in 5 years
2022: €148k▲ +581% vs 2021
2023: €152k▲ +2.4% vs 2022
2024: €216k▲ +42.0% vs 2023
2025: €266k▲ +23.2% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 25% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.20M
Fixed assets
€398k ▼ 3.4%
Current assets
€803k ▲ 40.6%
Equity and liabilities €1.20M
Equity
€864k ▲ 26.6%
Debt
€337k ▲ 12.1%
Debt's share of the balance-sheet total falls from 30.6% to 28.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€550k▲
2024 · €486k
Cash flow
€426k▲
2024 · €389k
Current ratio
3.06▲
2024 · 2.15
Debt to equity
0.39▼
2024 · 0.44
ROE
30.8%▼
2024 · 31.6%
ROA
22.1%▲
2024 · 21.9%
Interest coverage
60.12▼
2024 · 102.00
Debt ≤ 1 year
€262k▼
2024 · €266k
Debt > 1 year
€74k▲
2024 · €34k
Income taxes
€115k▲
2024 · €92k
Staff costs
€161k▲
2024 · €123k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€983k€1.20M▲
Formation expenses20€0€0=
Fixed assets21/28€412k€398k▼
Tangible fixed assets22/27€411k€397k▼
Land and buildings22€14k€25k▲
Plant, machinery and equipment23€224k€277k▲
Furniture and vehicles24€58k€46k▼
Leasing and similar rights25€84k€27k▼
Other tangible fixed assets26€32k€23k▼
Financial fixed assets28€232€232=
Current assets29/58€571k€803k▲
Amounts receivable within one year40/41€37k€36k▼
Trade receivables40€12k€21k▲
Other amounts receivable41€25k€15k▼
Cash at bank and in hand54/58€525k€759k▲
Deferred charges and accrued income490/1€10k€8k▼
Equity and liabilities
Total equity and liabilities10/49€983k€1.20M▲
Equity10/15€682k€864k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€343k€524k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€337k€518k▲
Profit (loss) carried forward14€278k€278k=
Amounts payable17/49€301k€337k▲
Amounts payable after more than one year17€34k€74k▲
Financial debts170/4€34k€74k▲
Amounts payable within one year42/48€266k€262k▼
Current portion of amounts payable after more than one year42€87k€48k▼
Trade debts44€115k€48k▼
Suppliers440/4€115k€48k▼
Taxes, remuneration and social security45€41k€64k▲
Taxes450/3€20k€36k▲
Remuneration and social security454/9€20k€27k▲
Other amounts payable47/48€24k€103k▲
Accrued charges and deferred income492/3€610€0▼
Income statement
Code20242025
Turnover70€0€0=
Goods, raw materials, services and sundry goods60/61€0€0=
Remuneration, social security and pensions62€123k€161k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€174k€160k▼
Other operating charges640/8€18k€17k▼
Non-recurring operating charges66A€390€713▲
Gross operating margin9900€628k€729k▲
Operating profit (loss)9901€313k€390k▲
Financial income75/76B€42€5▼
Recurring financial income75€42€5▼
Financial charges65/66B€5k€9k▲
Recurring financial charges65€5k€9k▲
Profit (loss) for the period before taxes9903€308k€381k▲
Income taxes67/77€92k€115k▲
Profit (loss) for the period9904€216k€266k▲
Profit (loss) for the period to be appropriated9905€216k€266k▲
Appropriation of the result
Profit (loss) to be appropriated9906€493k€543k▲
Profit (loss) brought forward from the previous period14P€278k€278k=
Transfer from equity791/2-€84k
Transfer to equity691/2€216k€266k▲
To other reserves6921€216k€266k▲
Profit to be distributed694/7-€84k
Return on contributions (dividend)694-€84k
Social balance
Average headcount (FTE)90873.54.4▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | €0 | €0 | €0 | - |
| Non-recurring operating income76A | - | €20k | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | €0 | €0 | €0 | - |
| Remuneration, social security and pensions62 | €23k | €44k | €87k | €123k | €161k | ▲ 30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €159k | €179k | €182k | €174k | €160k | ▼ 8.0% |
| Other operating charges640/8 | €14k | €14k | €17k | €18k | €17k | ▼ 3.0% |
| Non-recurring operating charges66A | €58 | €210 | €145 | €390 | €713 | ▲ 82.7% |
| Gross operating margin9900 | €170k | €400k | €487k | €628k | €729k | ▲ 16.2% |
| Operating profit (loss)9901 | €-25k | €162k | €201k | €313k | €390k | ▲ 24.9% |
| Financial income75/76B | €3 | €208 | €947 | €42 | €5 | ▼ 88.4% |
| Recurring financial income75 | €3 | €208 | €947 | €42 | €5 | ▼ 88.4% |
| Financial charges65/66B | €6k | €7k | €6k | €5k | €9k | ▲ 91.9% |
| Recurring financial charges65 | €6k | €7k | €6k | €5k | €9k | ▲ 91.9% |
| Profit (loss) for the period before taxes9903 | €-31k | €156k | €196k | €308k | €381k | ▲ 23.8% |
| Income taxes67/77 | €0 | €8k | €44k | €92k | €115k | ▲ 25.1% |
| Profit (loss) for the period9904 | €-31k | €148k | €152k | €216k | €266k | ▲ 23.2% |
| Profit (loss) for the period to be appropriated9905 | €-31k | €148k | €152k | €216k | €266k | ▲ 23.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €786k | €833k | €833k | €983k | €1.20M | ▲ 22.1% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €593k | €518k | €416k | €412k | €398k | ▼ 3.4% |
| Tangible fixed assets22/27 | €593k | €518k | €416k | €411k | €397k | ▼ 3.4% |
| Land and buildings22 | €24k | €20k | €17k | €14k | €25k | ▲ 76.9% |
| Plant, machinery and equipment23 | €67k | €77k | €119k | €224k | €277k | ▲ 23.6% |
| Furniture and vehicles24 | €30k | €68k | €46k | €58k | €46k | ▼ 20.5% |
| Leasing and similar rights25 | €407k | €300k | €193k | €84k | €27k | ▼ 68.1% |
| Other tangible fixed assets26 | €64k | €52k | €41k | €32k | €23k | ▼ 27.6% |
| Financial fixed assets28 | €232 | €232 | €232 | €232 | €232 | = |
| Current assets29/58 | €193k | €315k | €417k | €571k | €803k | ▲ 40.6% |
| Amounts receivable within one year40/41 | €20k | €52k | €81k | €37k | €36k | ▼ 1.6% |
| Trade receivables40 | €7k | €11k | €56k | €12k | €21k | ▲ 77.2% |
| Other amounts receivable41 | €13k | €41k | €26k | €25k | €15k | ▼ 40.4% |
| Cash at bank and in hand54/58 | €171k | €252k | €321k | €525k | €759k | ▲ 44.6% |
| Deferred charges and accrued income490/1 | €3k | €11k | €14k | €10k | €8k | ▼ 17.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €786k | €833k | €833k | €983k | €1.20M | ▲ 22.1% |
| Equity10/15 | €251k | €355k | €467k | €682k | €864k | ▲ 26.6% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €212k | €167k | €127k | €343k | €524k | ▲ 52.9% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €206k | €161k | €121k | €337k | €518k | ▲ 53.9% |
| Profit (loss) carried forward14 | €-23k | €126k | €278k | €278k | €278k | = |
| Amounts payable17/49 | €535k | €478k | €366k | €301k | €337k | ▲ 12.1% |
| Amounts payable after more than one year17 | €328k | €234k | €122k | €34k | €74k | ▲ 120% |
| Financial debts170/4 | €328k | €234k | €122k | €34k | €74k | ▲ 120% |
| Amounts payable within one year42/48 | €169k | €244k | €239k | €266k | €262k | ▼ 1.4% |
| Current portion of amounts payable after more than one year42 | €124k | €124k | €112k | €87k | €48k | ▼ 44.8% |
| Trade debts44 | €21k | €68k | €68k | €115k | €48k | ▼ 58.6% |
| Suppliers440/4 | €21k | €68k | €68k | €115k | €48k | ▼ 58.6% |
| Advances received on contracts in progress46 | €15k | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €9k | €7k | €14k | €41k | €64k | ▲ 56.5% |
| Taxes450/3 | €5k | €52 | €0 | €20k | €36k | ▲ 78.6% |
| Remuneration and social security454/9 | €4k | €7k | €14k | €20k | €27k | ▲ 34.2% |
| Other amounts payable47/48 | €601 | €45k | €44k | €24k | €103k | ▲ 333% |
| Accrued charges and deferred income492/3 | €38k | €0 | €6k | €610 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-31k | €148k | €152k | €216k | €266k | ▲ 23.2% |
| + Depreciation and write-downs630 | €159k | €179k | €182k | €174k | €160k | ▼ 8.0% |
| Operating cash flow (approximation) | €128k | €327k | €334k | €389k | €426k | ▲ 9.3% |
| Investment in fixed assets (approximation) | - | €-104k | €-80k | €-169k | €-146k | ▲ 14.0% |
| Change in cash | - | €81k | €69k | €203k | €234k | ▲ 15.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €266k ▲23.2%
Operating result €390k, net result €266k, both a record.
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 57 days late
2024
31-12
Financial
Equity above €500kEq €682k ▲46.2%
3 profitable years in a row build equity to €682k.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €148k
Net result €148k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
31-12
Financial
Equity above €200kEq €246k ▲52.3%
2 profitable years in a row build equity to €246k.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Visé · 2 establishment units since 1995
Ground area
4,283 m²
Building footprint
832 m²
Volume, LiDAR
8,007 m³
3 parcels, Wallonia · tallest building 18.6 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
EVOLUTION 22
since 19952.074.269.576
Evolution wellness club
since 20002.197.374.949
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62108A0344/00B002 | Wallonia | 3,746 m² | 1 · 156 m² | 13.6 m · 3 fl. |
| 62108F0131/00N000indicative | Wallonia | 393 m² | 1 · 582 m² | 18.6 m · 2 fl. |
| 62805B0455/00B002 | Wallonia | 143 m² | 1 · 94 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteVisé2.197.374.949
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Of 1,520 companies in sector 93130 we hold annual accounts for 687. 274 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
Founded01-12-1995
Fiscal year end31-12
Activities, NACEBEL 2025
93130Fitness centres
Scores and ratios are computed by Checked and are not a credit decision.