Equity
Equity rose in 2025 from €15,967 to €84,638.
Equity rose in 2025 from €15,967 to €84,638.
The micro format states no turnover.
Of this, €319,027 falls due within a year.
Green is investment, beige is depreciation. Machinery stands 65.8% higher than in 2024.
In 2025, 5 people joined and 3 left.
Higher net result than 85% of companies in advertising and market research. Sector median €14,755 · 8,618 companies.
In July 2024, 6,713 companies had the same profile as EVOLVE has now. Each dot stands for 17 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for EVOLVE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| EVOLVE Hasselt | €489,090 | €547,736 | 17.3% | - |
| Limelight Herk-de-Stad | €401,492 | €473,249 | 42.4% | 6.3 |
| FACTSTORY Belgique Brussels | €472,797 | €664,538 | 57.8% | 6.8 |
| DTS Translations Bernissart | €554,095 | €508,135 | 74.0% | - |
| Xplicite Wijnegem | €565,199 | €533,495 | 21.2% | - |
| AdsWizz Belgium Saint-Josse-ten-Noode | €564,591 | €439,332 | 76.9% | 1 |
| KOMMAF Kasterlee | €537,545 | €484,624 | 0.7% | - |
These companies have the same main activity as EVOLVE: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €401,000 and €565,000, founded between 2017 and 2019.
EVOLVE files the micro format. That format states no turnover. The gross margin rose from €102,343 in 2019 to €547,736 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.1m. Estimated: probably between €740,000 and €1.4m.
Higher than 23% of 8,617 companies in 2025.
Higher than 31% of 8,293 companies in 2025.
Higher than 58% of 8,402 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 5 people joined and 3 left. Training hours in 2025: 82.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
489,090 | 271,605 | 204,628 | 268,816 | 420,652 | 202,336 | 71,744 | |
21/28 |
105,646 | 29,415 | 35,234 | 68,580 | 37,667 | 34,404 | 13,674 | |
21 |
315 | 932 | 1,550 | - | - | - | - | |
22/27 |
92,011 | 15,162 | 20,364 | 55,260 | 29,267 | 26,004 | 13,674 | |
22 |
- | - | - | 0 | 8,112 | 10,763 | 10,806 | |
23 |
8,644 | 5,212 | 6,556 | 10,438 | 11,219 | 10,712 | 2,868 | |
24 |
7,212 | 9,346 | 11,501 | 39,612 | 9,936 | 4,528 | - | |
26 |
103 | 604 | 2,306 | 5,209 | - | - | - | |
27 |
76,053 | - | - | - | - | - | - | |
28 |
13,320 | 13,320 | 13,320 | 13,320 | 8,400 | 8,400 | - | |
29/58 |
383,444 | 242,190 | 169,395 | 200,237 | 382,986 | 167,932 | 58,070 | |
40/41 |
144,174 | 158,246 | 123,646 | 110,390 | 342,010 | 140,783 | 32,020 | |
40 |
139,498 | 144,633 | 116,225 | 93,759 | 322,709 | 138,378 | 30,300 | |
41 |
4,676 | 13,613 | 7,421 | 16,632 | 19,301 | 2,405 | 1,720 | |
54/58 |
222,511 | 71,976 | 38,345 | 84,701 | 37,597 | 27,149 | 26,050 | |
490/1 |
16,759 | 11,968 | 7,404 | 5,145 | 3,378 | - | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
489,090 | 271,605 | 204,628 | 268,816 | 420,652 | 202,336 | 71,744 | |
10/15 |
84,638 | 15,967 | -61,163 | -134,797 | 24,691 | 22,408 | 11,047 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
100 |
- | - | - | - | - | - | 18,600 | |
101 |
- | - | - | - | - | - | 8,600 | |
11 |
- | - | - | - | 10,000 | 10,000 | - | |
1109/19 |
- | - | - | - | 10,000 | 10,000 | - | |
13 |
74,638 | 5,967 | 53 | 53 | 53 | 53 | 53 | |
130/1 |
- | - | 0 | 53 | 53 | 53 | - | |
130 |
- | - | - | - | - | - | 53 | |
1311 |
- | - | 0 | 53 | 53 | 53 | - | |
133 |
74,638 | 5,967 | 53 | - | - | - | - | |
14 |
0 | 0 | -71,216 | -144,850 | 14,638 | 12,355 | 994 | |
17/49 |
404,452 | 255,637 | 265,791 | 403,613 | 395,961 | 179,928 | 60,697 | |
17 |
83,372 | 3,472 | 5,201 | 7,953 | 14,008 | 14,743 | 21,756 | |
170/4 |
81,372 | 1,472 | 3,201 | 5,953 | 14,008 | 14,743 | 21,756 | |
178/9 |
2,000 | 2,000 | 2,000 | 2,000 | - | - | - | |
42/48 |
319,027 | 252,165 | 260,217 | 395,660 | 381,805 | 165,185 | 38,942 | |
42 |
43,225 | 43,311 | 2,753 | 143,881 | 81,733 | 7,013 | 6,763 | |
43 |
50,000 | 50,000 | 109,877 | 9,076 | 3,918 | - | - | |
430/8 |
50,000 | 50,000 | 109,877 | 9,076 | 3,918 | - | - | |
44 |
96,842 | 31,093 | 36,312 | 42,602 | 170,440 | 70,484 | 21,959 | |
440/4 |
96,842 | 31,093 | 36,312 | 42,602 | 170,440 | 70,484 | 21,959 | |
46 |
- | - | - | 0 | 273 | 15,745 | - | |
45 |
109,388 | 59,141 | 57,104 | 104,688 | 77,131 | 71,703 | 10,219 | |
450/3 |
55,112 | 23,418 | 17,784 | 49,054 | 39,331 | 61,418 | 9,171 | |
454/9 |
54,276 | 35,724 | 39,320 | 55,635 | 37,800 | 10,284 | 1,048 | |
47/48 |
19,571 | 68,621 | 54,172 | 95,412 | 48,310 | 240 | - | |
492/3 |
2,053 | 0 | 374 | 0 | 149 | - | - | |
| Income statement | ||||||||
9900 |
547,736 | 496,716 | 505,162 | 426,102 | 347,141 | 180,781 | 102,343 | |
62 |
406,107 | 344,551 | 385,459 | 510,317 | 310,860 | 149,302 | 91,103 | |
630 |
4,902 | 7,486 | 11,068 | 10,647 | 8,326 | 4,936 | 1,918 | |
631/4 |
975 | - | - | - | - | - | - | |
640/8 |
1,183 | 1,738 | 1,854 | 4,883 | 2,094 | 171 | 1,278 | |
66A |
2,098 | 1,475 | 328 | 29,100 | - | - | - | |
9901 |
132,471 | 141,466 | 106,454 | -128,846 | 25,861 | 26,372 | 8,044 | |
75/76B |
0 | 345 | 308 | 402 | 261 | 56 | 0 | |
75 |
0 | 345 | 308 | 402 | 261 | 56 | 0 | |
65/66B |
21,655 | 32,521 | 31,652 | 28,911 | 12,236 | 3,524 | 3,159 | |
65 |
21,655 | 32,521 | 31,652 | 28,911 | 12,236 | 3,524 | 3,159 | |
9903 |
110,816 | 109,290 | 75,110 | -157,354 | 13,886 | 22,904 | 4,885 | |
67/77 |
37,324 | 32,160 | 1,476 | 2,134 | 11,603 | 10,742 | 3,839 | |
9904 |
73,492 | 77,130 | 73,634 | -159,488 | 2,283 | 12,162 | 1,047 | |
9905 |
73,492 | 77,130 | 73,634 | -159,488 | 2,283 | 12,162 | 1,047 | |
| Appropriation of the result | ||||||||
9906 |
73,492 | 5,914 | -71,216 | -144,850 | 14,638 | 13,155 | 1,047 | |
14P |
0 | -71,216 | -144,850 | 14,638 | 12,355 | - | - | |
691/2 |
68,671 | 5,914 | - | - | - | - | 53 | |
6920 |
- | - | - | - | - | - | 53 | |
6921 |
68,671 | 5,914 | - | - | - | - | - | |
694/7 |
4,822 | - | - | - | - | 800 | - | |
694 |
4,822 | - | - | - | - | 800 | - | |
| Social balance sheet | ||||||||
9087 |
7.2 | 6.1 | 7.3 | 8.9 | 8.3 | 4.9 | - | |
Hours worked1013 |
12,944 | 10,641 | 11,679 | 14,583 | 14,293 | 8,496 | - | |
| Document | ||||||||
The notes to these accounts have 17 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 21-04-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 21-04-2026 | 2026-00083626 | |
| 31-12-2024 | micro format | 13-03-2025 | 2025-00047541 | |
| 31-12-2023 | micro format | 12-04-2024 | 2024-00061971 | |
| 31-12-2022 | micro format | 20-07-2023 | 2023-00255736 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20367764 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-66000430 | |
| 31-12-2019 | micro format | 30-12-2020 | 2020-77900467 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | -€36,672 | €828 |
| 2024 | 1 | €227 | €227 |
| 2023 | 1 | €0 | €12,500 |
| 2022 | 2 | €50,128 | €128 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 137,373 | 148,952 | 117,522 | -118,199 | 34,188 | 31,308 | 9,962 | ||
| 78,394 | 84,617 | 84,702 | -148,841 | 10,609 | 17,098 | 2,964 | ||
| 83,231 | 1,667 | 8,611 | 41,560 | 11,589 | 23,818 | 15,591 | ||
| 150,536 | 33,631 | -46,356 | 47,103 | 10,449 | 1,098 | - | ||
| 64,417 | -9,976 | -90,822 | -195,423 | 1,181 | 2,747 | 19,129 | ||
| 17.3% | 5.9% | -29.9% | -50.1% | 5.9% | 11.1% | 15.4% | ||
| 1.20 | 0.96 | 0.65 | 0.51 | 1.00 | 1.02 | 1.49 | ||
| 4.78 | 16.01 | - | - | 16.04 | 8.03 | 5.49 | ||
| 86.8% | 483.0% | - | - | 9.2% | 54.3% | 9.5% | ||
| 15.0% | 28.4% | 36.0% | -59.3% | 0.5% | 6.0% | 1.5% | ||
| 6.34 | 4.58 | 3.71 | -4.09 | 2.79 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 77 | 5 | 7 | 38 | 10 |
| full-time | 70 | 5 | 6 | 37 | 8 |
| part-time | 7 | 0 | 1 | 1 | 2 |
| in full-time equivalents | 7 | 5 | 6.8 | 6.8 | 9.7 |
| 7.2 | 6.1 | 7.3 | 8.9 | 8.3 | |
| On a permanent contract | 77 | 5 | 7 | 38 | 10 |
| Joined | 5 | 2 | 3 | 1 | - |
| Left | 3 | 4 | 3 | 4 | - |
| Training hours | 82 | 6 | - | 0 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €83,231 | €1,667 | €6,758 | €36,640 | €11,589 |
| Intangible fixed assets | - | - | €1,853 | - | - |
| Financial fixed assets | €0 | - | - | €4,920 | - |
| €4,902 | €7,486 | €11,068 | €10,647 | €8,326 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 6% lower than in 2024.
Debt's share of the balance-sheet total falls from 94.1% to 82.7%. Equity and debt are higher.
EVOLVE has no parent and no holdings in its annual accounts.
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 6 July 2018, EVOLVE was incorporated by two natural persons, with a starting capital of €18,600.12 In 2020 the registered office moved to Hasselt.3 Of the 2 current board members, has served longest, since 2023.4 Total assets went from €71,744 in 2019 to €489,090 in 2025 and headcount from 4.9 full-time equivalents in 2020 to 7.2 in 2025.5
| Establishment | Since | Unit number |
|---|---|---|
| Luikersteenweg 328A registered office 3500 Hasselt | 06-07-2018 | 2.278.330.654 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71328D0920/00C002 | 417 m² | 1 · 153 m² | 9.4 m · 2 |
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