EVOLUTION CHANGE MANAGEMENT
ActiveSummary
EVOLUTION CHANGE MANAGEMENT has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.50M and a net result of €12k. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 29% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability65▲+6
Solvency58▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity short (current ratio 0.14 against 0.32 in 2023; short-term debt: 8.8% and cash: 1.2% of total assets), and 67.5% 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 2024Solvency, return and age of the figures
Solvency
32.5%
Return on assets
0.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
33 d early
2022
27 d early
2021
19 d early
2020
38 d early
2019
54 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€1.50M▲ 0.8%
2023 · €1.48M
2018: €1.83M
2019: €1.24M
2020: €1.13M
2021: €1.38M
2022: €1.47M
2023: €1.48M
2018 → 2024
Total assets
€4.59M▼ 6.0%
2023 · €4.89M
2018: €2.10M
2019: €6.07M
2020: €5.65M
2021: €5.41M
2022: €5.18M
2023: €4.89M
2018 → 2024
Net result
€12k▲ 11.0%
2023 · €11k
2018: €-104k
2019: €-586k
2020: €-108k
2021: €251k
2022: €89k
2023: €11k
2018 → 2024
Working capital
€-351k▼ 16.3%
2023 · €-302k
2018: €1.20M
2019: €-329k
2020: €-486k
2021: €-270k
2022: €-252k
2023: €-302k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.13M-€1.38M▲ 22.2%€1.47M▲ 6.5%€1.48M▲ 0.7%€1.50M▲ 0.8%
Operating result€79k-€282k▲ 258%€92k▼ 67.2%€56k▼ 39.5%€50k▼ 11.3%
Net result€-108k-€251k€89k▼ 64.5%€11k▼ 87.8%€12k▲ 11.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 11% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.59M
Fixed assets
€4.54M ▼ 4.3%
Current assets
€55k ▼ 60.9%
Equity and liabilities €4.59M
Equity
€1.50M ▲ 0.8%
Provisions
€212k ▼ 4.0%
Debt
€2.89M ▼ 9.3%
Debt's share of the balance-sheet total falls from 65.1% to 62.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€255k▼
2023 · €261k
Cash flow
€218k▲
2023 · €216k
Current ratio
0.14▼
2023 · 0.32
Debt to equity
1.93▼
2023 · 2.15
ROE
0.8%▲
2023 · 0.7%
ROA
0.3%▲
2023 · 0.2%
Interest coverage
5.50▲
2023 · 4.85
Debt ≤ 1 year
€406k▼
2023 · €443k
Debt > 1 year
€2.47M▼
2023 · €2.73M
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 · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4.89M€4.59M▼
Fixed assets21/28€4.74M€4.54M▼
Tangible fixed assets22/27€4.74M€4.54M▼
Land and buildings22€4.74M€4.54M▼
Current assets29/58€142k€55k▼
Amounts receivable within one year40/41€10-
Other amounts receivable41€10-
Cash at bank and in hand54/58€142k€55k▼
Equity and liabilities
Total equity and liabilities10/49€4.89M€4.59M▼
Equity10/15€1.48M€1.50M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.77M€1.75M▼
Non-distributable reserves130/1€51k€51k=
Legal reserve130€51k€51k=
Tax-exempt reserves132€430k€412k▼
Distributable reserves133€1.29M€1.29M=
Profit (loss) carried forward14€-347k€-318k▲
Provisions and deferred taxes16€221k€212k▼
Deferred taxes168€221k€212k▼
Amounts payable17/49€3.18M€2.89M▼
Amounts payable after more than one year17€2.73M€2.47M▼
Financial debts170/4€2.73M€2.47M▼
Amounts payable within one year42/48€443k€406k▼
Current portion of amounts payable after more than one year42€249k€258k▲
Trade debts44€55k€360▼
Suppliers440/4€55k€360▼
Taxes, remuneration and social security45€7k€9k▲
Taxes450/3€7k€9k▲
Other amounts payable47/48€133k€139k▲
Accrued charges and deferred income492/3€8k€8k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€206k€206k▲
Other operating charges640/8€13k€21k▲
Gross operating margin9900€274k€276k▲
Operating profit (loss)9901€56k€50k▼
Financial charges65/66B€54k€46k▼
Recurring financial charges65€54k€46k▼
Profit (loss) for the period before taxes9903€2k€3k▲
Transfer from deferred taxes780€9k€9k=
Profit (loss) for the period9904€11k€12k▲
Transfer from tax-exempt reserves789€17k€17k=
Profit (loss) for the period to be appropriated9905€28k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-347k€-318k▲
Profit (loss) brought forward from the previous period14P€-375k€-347k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €251k
Net result €251k after 3 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 54 days late
2019
31-12
Financial
Weakest financial yearnet €-586k
Net result drops to €-586k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Sint-Pieters-Woluwe · 1 establishment unit since 1998
Ground area
567 m²
Building footprint
146 m²
Volume, LiDAR
2,693 m³
Parcel 21019A0207/00E013, Brussels · tallest building 23.4 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Tervurenlaan 233, 1150 Sint-Pieters-Woluwe
since 19982.088.992.988
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0207/00E013 | Brussels | 567 m² | 1 · 146 m² | 23.4 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Legal Entity Identifier
967600NPUSYMIUO50K50
Similar companies · same sector, comparable size
MEERT GROUP
BE 0738.928.677
Erpe-Mere · Eq €1,494,769
HAZELHEARTWOOD
BE 0836.783.168
Kortenberg · Eq €1,494,671
GOLENVAUX & C°
BE 0458.862.656
Wezembeek-Oppem · Eq €1,494,524
BONEM BEHEER
BE 0478.085.581
Damme · Eq €1,495,985
JB CONSULTING
BE 0846.673.606
Oostende · Eq €1,493,980
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 23,399 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-10-1998
Fiscal year end31-12
Abbreviation NL
EVOLUTION
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.