Skip to content

EVOLVE

Active
Private limited companyfounded 2018active for 8 yearsAtealaan(HRT) 34, 2200 Herentals, Belgium92 active companies are registered at this addressKBO/BCE: BE 0696.914.316
Summary

The computed 12-month bankruptcy probability of EVOLVE is 4.5% (elevated). For EVOLVE, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €424,699 and a net result of €87,415. Equity is growing by about 31% per year across the filed financial years. The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Activity not known1 site
Size
≈ €400,000turnover 2023, estimated
Equity
€424,699
Profit
€87,415
Turnover estimated from the gross margin
Financial health
Bankruptcy probabilitywithin 12 months
4.5%
2023 figures too old to score
Structure
2024 accounts not filed, 729 days past the deadline5 deeds in the Belgian Official Gazette
Signalsraises riskFigures for financial year 2023 (filed 07-11-2023)2 financial years not filed after the legal deadline; 1 of the last 3 lateNo filing in 24 months (latest 07-11-2023)Two or more financial years not filedlowers riskEquity €424,699 (72.9% of total assets)neutralLatest accounts filed on timeShow the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Strong
Solvency 98+5
equity 72.9% of total assets
Liquidity 61+9
short-term debt 10.7% · cash 8.8%
Profitability 87-13
return on assets 15.0%
Bankruptcy probability, 12 months
4.5% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (1,614 companies, NACE 18, micro)
Last 24 months 11-2024: 1.0%lowest value 12-2024: 1.1%▲ +0.1 percentage points vs 11-2024 01-2025: 1.7%▲ +0.6 percentage points vs 12-2024 02-2025: 1.8%▲ +0.1 percentage points vs 01-2025 03-2025: 2.1%▲ +0.3 percentage points vs 02-2025 04-2025: 3.6%▲ +1.5 percentage points vs 03-2025 05-2025: 3.6%● unchanged vs 04-2025 06-2025: 3.8%▲ +0.2 percentage points vs 05-2025 07-2025: 3.4%▼ -0.4 percentage points vs 06-2025 08-2025: 3.4%● unchanged vs 07-2025 09-2025: 3.4%● unchanged vs 08-2025 10-2025: 3.4%● unchanged vs 09-2025 11-2025: 4.4%▲ +1.0 percentage point vs 10-2025 12-2025: 5.0%▲ +0.6 percentage points vs 11-2025highest value 01-2026: 5.0%● unchanged vs 12-2025highest value 02-2026: 5.0%● unchanged vs 01-2026highest value 03-2026: 4.9%▼ -0.1 percentage points vs 02-2026 04-2026: 4.9%● unchanged vs 03-2026 05-2026: 4.9%● unchanged vs 04-2026 06-2026: 4.8%▼ -0.1 percentage points vs 05-2026 07-2026: 4.8%● unchanged vs 06-2026 08-2026: 4.8%● unchanged vs 07-2026 09-2026: 4.8%● unchanged vs 08-2026 10-2026: 4.5%▼ -0.3 percentage points vs 09-2026
Credit check for your own amount and term

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

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2023 (filed 07-11-2023)
NBB · annual accounts
raises risk · 2 financial years not filed after the legal deadline; 1 of the last 3 late
NBB · filings
lowers risk · Equity €424,699 (72.9% of total assets)
NBB · annual accounts
raises risk · No filing in 24 months (latest 07-11-2023)
NBB · filings
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-03-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filings
Position against the passed deadline
31-03-2024 year end31-10-2024 deadline30-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2023 was due by 31-10-2023 and was filed on 31-10-2023, 0 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
on the day
2022
3 days late
2021
39 days late
2020
30 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 18 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2023 · micro…
  2. Annual accounts filedfinancial year 2022 · micro…
  3. Liquidity more than doubledcurrent ratio 7.69

Financials · financial year 2023, micro format

2024 annual accounts not yet filed, deadline passed on 31 October 2024 Financial year closed on 31 March 2024; filing due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 30 October 2026.

Turnover
≈ €400,000
Estimated: probably between €270,000 and €620,000
Total assets
€582,890▲ 17.5%
2022 · €496,071
Net result
€87,415▼ 34.7%
2022 · €133,770
Working capital
€512,182▲ 22.0%
2022 · €419,915
Trend over the years

2020 to 2023, 4 financial years

The operating result falls in 2023; 2023 is 9% below 2022.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€148,692 2023 Net result€87,415 2023

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2020202120222023
Operating result€252,471-€23,661▼ 90.6%€162,827▲ 588%€148,692▼ 8.7%
Net result€181,690-€15,624▼ 91.4%€133,770▲ 756%€87,415▼ 34.7%
Equity€187,890-€203,514▲ 8.3%€337,284▲ 65.7%€424,699▲ 25.9%
Total assets€311,856-€292,332▼ 6.3%€496,071▲ 69.7%€582,890▲ 17.5%
Debt€123,965-€88,818▼ 28.4%€158,787▲ 78.8%€158,191▼ 0.4%
Working capital€104,879-€162,328▲ 54.8%€419,915▲ 159%€512,182▲ 22.0%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €582,890
Fixed assets €8,517 ▼ 36.3%
Current assets €574,373 ▲ 19.0%
Equity and liabilities €582,890
Equity €424,699 ▲ 25.9%
Debt €158,191 ▼ 0.4%
Debt's share of the balance-sheet total falls from 32.0% to 27.1%. Equity is higher and debt is lower.
Key figures and ratios
2023 value · change against 2022
EBITDA
€153,544▼
2022 · €170,457
Cash flow
€92,267▼
2022 · €141,400
Current ratio
9.24▲
2022 · 7.69
Quick ratio
8.11▲
2022 · 7.69
Debt to equity
0.37▼
2022 · 0.47
ROE
20.6%▼
2022 · 39.7%
ROA
15.0%▼
2022 · 27.0%
Interest coverage
over 100
2022 · over 100
Debt ≤ 1 year
€62,191▼
2022 · €62,787
Income taxes
€66,888▲
2022 · €34,714
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 41 lines
Balance sheet Code20222023
Assets
Total assets20/58€496,071€582,890▲
Fixed assets21/28€13,368€8,517▼
Tangible fixed assets22/27€7,193€2,342▼
Plant, machinery and equipment23€2,645€1,296▼
Furniture and vehicles24€4,548€1,045▼
Financial fixed assets28€6,175€6,175=
Current assets29/58€482,702€574,373▲
Stocks and contracts in progress3-€70,000
Stocks30/36-€70,000
Amounts receivable within one year40/41€460,015€443,804▼
Trade receivables40€26,354-
Other amounts receivable41€433,661€443,804▲
Cash at bank and in hand54/58€16,396€51,578▲
Deferred charges and accrued income490/1€6,292€8,991▲
Equity and liabilities
Total equity and liabilities10/49€496,071€582,890▲
Equity10/15€337,284€424,699▲
Contributions10/11€6,200€6,200=
Profit (loss) carried forward14€331,084€418,499▲
Amounts payable17/49€158,787€158,191▼
Amounts payable within one year42/48€62,787€62,191▼
Trade debts44-€882
Suppliers440/4-€882
Advances received on contracts in progress46-€17,256
Taxes, remuneration and social security45€62,787€44,053▼
Taxes450/3€62,787€44,053▼
Accrued charges and deferred income492/3€96,000€96,000=
Income statement Code20222023
Non-recurring operating income76A€13,250-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,630€4,852▼
Other operating charges640/8€4,909€7,250▲
Gross operating margin9900€175,366€160,794▼
Operating profit (loss)9901€162,827€148,692▼
Financial income75/76B€6,323€7,080▲
Recurring financial income75€6,323€7,080▲
Financial charges65/66B€666€1,469▲
Recurring financial charges65€666€1,469▲
Profit (loss) for the period before taxes9903€168,484€154,303▼
Income taxes67/77€34,714€66,888▲
Profit (loss) for the period9904€133,770€87,415▼
Profit (loss) for the period to be appropriated9905€133,770€87,415▼
Appropriation of the result
Profit (loss) to be appropriated9906€331,084€418,499▲
Profit (loss) brought forward from the previous period14P€197,314€331,084▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2020202120222023Change
Non-recurring operating income76A--€13,250--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59,691€43,213€7,630€4,852▼ 36.4%
Other operating charges640/8--€4,909€7,250▲ 47.7%
Gross operating margin9900€314,906€69,977€175,366€160,794▼ 8.3%
Operating profit (loss)9901€252,471€23,661€162,827€148,692▼ 8.7%
Financial income75/76B--€6,323€7,080▲ 12.0%
Recurring financial income75€600€0€6,323€7,080▲ 12.0%
Financial charges65/66B--€666€1,469▲ 121%
Recurring financial charges65€1,450€329€666€1,469▲ 121%
Profit (loss) for the period before taxes9903€251,622€23,333€168,484€154,303▼ 8.4%
Income taxes67/77€69,931€7,709€34,714€66,888▲ 92.7%
Profit (loss) for the period9904€181,690€15,624€133,770€87,415▼ 34.7%
Profit (loss) for the period to be appropriated9905€181,690€15,624€133,770€87,415▼ 34.7%
Line2020202120222023Change
Assets
Total assets20/58€311,856€292,332€496,071€582,890▲ 17.5%
Fixed assets21/28€83,012€41,186€13,368€8,517▼ 36.3%
Intangible fixed assets21€28,889€2,222---
Tangible fixed assets22/27€47,948€32,789€7,193€2,342▼ 67.4%
Plant, machinery and equipment23--€2,645€1,296▼ 51.0%
Furniture and vehicles24--€4,548€1,045▼ 77.0%
Financial fixed assets28€6,175€6,175€6,175€6,175=
Current assets29/58€228,844€251,146€482,702€574,373▲ 19.0%
Stocks and contracts in progress3---€70,000-
Stocks30/36---€70,000-
Amounts receivable within one year40/41€218,658€224,237€460,015€443,804▼ 3.5%
Trade receivables40--€26,354--
Other amounts receivable41--€433,661€443,804▲ 2.3%
Cash at bank and in hand54/58€8,960€26,908€16,396€51,578▲ 215%
Deferred charges and accrued income490/1--€6,292€8,991▲ 42.9%
Equity and liabilities
Total equity and liabilities10/49€311,856€292,332€496,071€582,890▲ 17.5%
Equity10/15€187,890€203,514€337,284€424,699▲ 25.9%
Contributions10/11--€6,200€6,200=
Profit (loss) carried forward14€181,690€197,314€331,084€418,499▲ 26.4%
Amounts payable17/49€123,965€88,818€158,787€158,191▼ 0.4%
Amounts payable within one year42/48€123,965€88,818€62,787€62,191▼ 0.9%
Trade debts44€54,002€3,271-€882-
Suppliers440/4---€882-
Advances received on contracts in progress46---€17,256-
Taxes, remuneration and social security45--€62,787€44,053▼ 29.8%
Taxes450/3--€62,787€44,053▼ 29.8%
Accrued charges and deferred income492/3--€96,000€96,000=
Line2020202120222023Change
Profit (loss) for the period9904€181,690€15,624€133,770€87,415▼ 34.7%
+ Depreciation and write-downs630€59,691€43,213€7,630€4,852▼ 36.4%
Operating cash flow (approximation)€241,381€58,837€141,400€92,267▼ 34.7%
Investment in fixed assets (approximation)--€1,388€20,188€0▼ 100%
Change in cash-€17,948-€10,513€35,182-

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

Filings with the National Bank (4)
Financial year Type Filed Reference
31-03-2023 micro format 31-10-2023 2023-00506236
31-03-2022 micro format 03-11-2022 2022-20483333
31-03-2021 micro format 09-12-2021 2021-79800113
31-03-2020 micro format 30-11-2020 2020-73000212

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 5 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

EVOLVE was incorporated on 30 May 2018.1 Total assets rose from €311,856 in 2020 to €582,890 in 2023.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2020 and 2023

Acts, filings and financial milestones

2023
31-10
NBB filing Annual accounts filed
financial year 2023 · micro format
2022
03-11
NBB filing Annual accounts filed
financial year 2022 · micro format · 3 days late
31-03
Financial Liquidity more than doubledcurrent ratio 7.69
Current ratio from 2.83 to 7.69; short-term debt falls from €88,818 to €62,787.
2021
09-12
NBB filing Annual accounts filed
financial year 2021 · micro format · 39 days late
31-03
Financial Weakest financial yearnet €15,624 ▼91.4%
Net result drops to €15,624, the lowest in the series; recovery starts the following year.
31-03
Financial Equity above €200,000equity €203,514 ▲8.3%
A profit in every financial year since 2020 builds equity to €203,514.
2020
30-11
NBB filing Annual accounts filed
financial year 2020 · micro format · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 5 deeds read
About the unread acts

We know of 5 Belgian Official 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.

Register details

Identification
Legal formPrivate limited company
Founded30-05-2018
Financial year end31-03
Contact
Phone 000000000Herentals
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if you send it electronically, you need their agreement on a secure channel. The invoice remains valid; it is the customer, not you, who risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 October 2026 · Peppol Directory

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

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Herentals · 1 establishment unit since 2018
registered office establishment The establishment unit on the map
Ground area
17.8 ha
Building footprint
4.5 ha
Parcel 13302D0060/00S000, Flanders. Linked by address, not a title deed.
1 establishment unit
EVOLVE
Atealaan(HRT) 34, 2200 HerentalsPre-press and pre-media services
since 2018unit no. 2.276.161.715
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
13302D0060/00S000 Flanders 17.8 ha 1 · 4.5 ha -
How the parcels are linked
Good to know
The parcel matches the address exactly.