EVOLVE
ActiveSummary
EVOLVE has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84,638 and a net result of €73,492. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 7081 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88=
Solvency42▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.2 against 0.96 in 2024; short-term debt: 65.2% and cash: 45.5% of total assets), and 82.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
17.3%
Return on assets
15%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7081 sector peers (2025).
NBB · sector comparisonPosition among 7081 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-04-2026, 101 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
101 d early
2024
140 d early
2023
110 d early
2022
11 d early
2021
31 d late
2020
31 d late
2019
152 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 21 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€84,638▲ 430%
2024 · €15,967
Total assets
€489,090▲ 80.1%
2024 · €271,605
Net result
€73,492▼ 4.7%
2024 · €77,130
Working capital
€64,417
2024 · -€9,976
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€25,861▼ 1.9%-€128,846€106,454€141,466▲ 32.9%€132,471▼ 6.4%
Net result€2,283within the sector's middle half▼ 81.2%-€159,488below the sector's middle half€73,634above the sector's middle half€77,130above the sector's middle half▲ 4.7%€73,492above the sector's middle half▼ 4.7%
Equity€24,691within the sector's middle half▲ 10.2%-€134,797below the sector's middle half-€61,163below the sector's middle half▲ 54.6%€15,967below the sector's middle half€84,638within the sector's middle half▲ 430%
Total assets€420,652above the sector's middle half▲ 108%€268,816within the sector's middle half▼ 36.1%€204,628within the sector's middle half▼ 23.9%€271,605within the sector's middle half▲ 32.7%€489,090above the sector's middle half▲ 80.1%
Debt€395,961▲ 120%€403,613▲ 1.9%€265,791▼ 34.1%€255,637▼ 3.8%€404,452▲ 58.2%
Working capital€1,181▼ 57.0%-€195,423-€90,822▲ 53.5%-€9,976▲ 89.0%€64,417
Solvency5.9%below the sector's middle half▼ 5.2pp-50.1%below the sector's middle half▼ 56.0pp-29.9%below the sector's middle half▲ 20.3pp5.9%below the sector's middle half▲ 35.8pp17.3%below the sector's middle half▲ 11.4pp
Staff (FTE)8.3▲ 69.4%8.9▲ 7.2%7.3▼ 18.0%6.1▼ 16.4%7.2▲ 18.0%
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €489,090
Fixed assets
€105,646 ▲ 259%
Current assets
€383,444 ▲ 58.3%
Equity and liabilities €489,090
Equity
€84,638 ▲ 430%
Debt
€404,452 ▲ 58.2%
Debt's share of the balance-sheet total falls from 94.1% to 82.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€137,373▼
2024 · €148,952
Cash flow
€78,394▼
2024 · €84,617
Current ratio
1.20▲
2024 · 0.96
Debt to equity
4.78▼
2024 · 16.01
ROE
86.8%▼
2024 · 483.0%
ROA
15.0%▼
2024 · 28.4%
Interest coverage
6.34▲
2024 · 4.58
Debt ≤ 1 year
€319,027▲
2024 · €252,165
Debt > 1 year
€83,372▲
2024 · €3,472
Income taxes
€37,324▲
2024 · €32,160
Staff costs
€406,107▲
2024 · €344,551
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
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%.
| 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 6,703 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €310,860 | €510,317 | €385,459 | €344,551 | €406,107 | ▲ 17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,326 | €10,647 | €11,068 | €7,486 | €4,902 | ▼ 34.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €975 | - |
| Other operating charges640/8 | €2,094 | €4,883 | €1,854 | €1,738 | €1,183 | ▼ 31.9% |
| Non-recurring operating charges66A | - | €29,100 | €328 | €1,475 | €2,098 | ▲ 42.2% |
| Gross operating margin9900 | €347,141 | €426,102 | €505,162 | €496,716 | €547,736 | ▲ 10.3% |
| Operating profit (loss)9901 | €25,861 | -€128,846 | €106,454 | €141,466 | €132,471 | ▼ 6.4% |
| Financial income75/76B | €261 | €402 | €308 | €345 | €0 | ▼ 100% |
| Recurring financial income75 | €261 | €402 | €308 | €345 | €0 | ▼ 100% |
| Financial charges65/66B | €12,236 | €28,911 | €31,652 | €32,521 | €21,655 | ▼ 33.4% |
| Recurring financial charges65 | €12,236 | €28,911 | €31,652 | €32,521 | €21,655 | ▼ 33.4% |
| Profit (loss) for the period before taxes9903 | €13,886 | -€157,354 | €75,110 | €109,290 | €110,816 | ▲ 1.4% |
| Income taxes67/77 | €11,603 | €2,134 | €1,476 | €32,160 | €37,324 | ▲ 16.1% |
| Profit (loss) for the period9904 | €2,283 | -€159,488 | €73,634 | €77,130 | €73,492 | ▼ 4.7% |
| Profit (loss) for the period to be appropriated9905 | €2,283 | -€159,488 | €73,634 | €77,130 | €73,492 | ▼ 4.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €420,652 | €268,816 | €204,628 | €271,605 | €489,090 | ▲ 80.1% |
| Fixed assets21/28 | €37,667 | €68,580 | €35,234 | €29,415 | €105,646 | ▲ 259% |
| Intangible fixed assets21 | - | - | €1,550 | €932 | €315 | ▼ 66.2% |
| Tangible fixed assets22/27 | €29,267 | €55,260 | €20,364 | €15,162 | €92,011 | ▲ 507% |
| Land and buildings22 | €8,112 | €0 | - | - | - | - |
| Plant, machinery and equipment23 | €11,219 | €10,438 | €6,556 | €5,212 | €8,644 | ▲ 65.8% |
| Furniture and vehicles24 | €9,936 | €39,612 | €11,501 | €9,346 | €7,212 | ▼ 22.8% |
| Other tangible fixed assets26 | - | €5,209 | €2,306 | €604 | €103 | ▼ 83.0% |
| Assets under construction and advance payments27 | - | - | - | - | €76,053 | - |
| Financial fixed assets28 | €8,400 | €13,320 | €13,320 | €13,320 | €13,320 | = |
| Current assets29/58 | €382,986 | €200,237 | €169,395 | €242,190 | €383,444 | ▲ 58.3% |
| Amounts receivable within one year40/41 | €342,010 | €110,390 | €123,646 | €158,246 | €144,174 | ▼ 8.9% |
| Trade receivables40 | €322,709 | €93,759 | €116,225 | €144,633 | €139,498 | ▼ 3.6% |
| Other amounts receivable41 | €19,301 | €16,632 | €7,421 | €13,613 | €4,676 | ▼ 65.6% |
| Cash at bank and in hand54/58 | €37,597 | €84,701 | €38,345 | €71,976 | €222,511 | ▲ 209% |
| Deferred charges and accrued income490/1 | €3,378 | €5,145 | €7,404 | €11,968 | €16,759 | ▲ 40.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €420,652 | €268,816 | €204,628 | €271,605 | €489,090 | ▲ 80.1% |
| Equity10/15 | €24,691 | -€134,797 | -€61,163 | €15,967 | €84,638 | ▲ 430% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Outside capital11 | €10,000 | - | - | - | - | - |
| Other1109/19 | €10,000 | - | - | - | - | - |
| Reserves13 | €53 | €53 | €53 | €5,967 | €74,638 | ▲ 1,151% |
| Non-distributable reserves130/1 | €53 | €53 | €0 | - | - | - |
| Reserves not available under the articles1311 | €53 | €53 | €0 | - | - | - |
| Distributable reserves133 | - | - | €53 | €5,967 | €74,638 | ▲ 1,151% |
| Profit (loss) carried forward14 | €14,638 | -€144,850 | -€71,216 | €0 | €0 | - |
| Amounts payable17/49 | €395,961 | €403,613 | €265,791 | €255,637 | €404,452 | ▲ 58.2% |
| Amounts payable after more than one year17 | €14,008 | €7,953 | €5,201 | €3,472 | €83,372 | ▲ 2,301% |
| Financial debts170/4 | €14,008 | €5,953 | €3,201 | €1,472 | €81,372 | ▲ 5,428% |
| Other amounts payable178/9 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Amounts payable within one year42/48 | €381,805 | €395,660 | €260,217 | €252,165 | €319,027 | ▲ 26.5% |
| Current portion of amounts payable after more than one year42 | €81,733 | €143,881 | €2,753 | €43,311 | €43,225 | ▼ 0.2% |
| Financial debts43 | €3,918 | €9,076 | €109,877 | €50,000 | €50,000 | = |
| Credit institutions430/8 | €3,918 | €9,076 | €109,877 | €50,000 | €50,000 | = |
| Trade debts44 | €170,440 | €42,602 | €36,312 | €31,093 | €96,842 | ▲ 211% |
| Suppliers440/4 | €170,440 | €42,602 | €36,312 | €31,093 | €96,842 | ▲ 211% |
| Advances received on contracts in progress46 | €273 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €77,131 | €104,688 | €57,104 | €59,141 | €109,388 | ▲ 85.0% |
| Taxes450/3 | €39,331 | €49,054 | €17,784 | €23,418 | €55,112 | ▲ 135% |
| Remuneration and social security454/9 | €37,800 | €55,635 | €39,320 | €35,724 | €54,276 | ▲ 51.9% |
| Other amounts payable47/48 | €48,310 | €95,412 | €54,172 | €68,621 | €19,571 | ▼ 71.5% |
| Accrued charges and deferred income492/3 | €149 | €0 | €374 | €0 | €2,053 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,283 | -€159,488 | €73,634 | €77,130 | €73,492 | ▼ 4.7% |
| + Depreciation and write-downs630 | €8,326 | €10,647 | €11,068 | €7,486 | €4,902 | ▼ 34.5% |
| Operating cash flow (approximation) | €10,609 | -€148,841 | €84,702 | €84,617 | €78,394 | ▼ 7.4% |
| Investment in fixed assets (approximation) | - | -€41,560 | €22,277 | -€1,667 | -€81,133 | ▼ 4,766% |
| Change in cash | - | €47,103 | -€46,356 | €33,631 | €150,536 | ▲ 348% |
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
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €77,130 ▲4.7%
Operating result €141,466, net result €77,130, both a record.
12-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €73,634
Net result €73,634 after one loss-making year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€159,488
Net result drops to -€159,488, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 152 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Hasselt · 1 establishment unit since 2018
Ground area
417 m²
Building footprint
153 m²
Volume, LiDAR
852 m³
Parcel 71328D0920/00C002, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EVOLVE
since 20182.278.330.654
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0920/00C002 | Flanders | 417 m² | 1 · 153 m² | 9.4 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 13,683 EUR awarded · 13,683 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | -36,672 EUR | 828 EUR |
| 2024 | 1 | 227 EUR | 227 EUR |
| 2023 | 1 | 0 EUR | 12,500 EUR |
| 2022 | 2 | 50,128 EUR | 128 EUR |
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Of 9,864 companies in sector 73110 we hold annual accounts for 3,758. 3,032 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
Founded06-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73110Advertising agencies
73120Media representation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0699692870
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.